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Real Life Use of Cryptocurrency Blockchains

Cryptocurrencies and blockchain technology have been hailed as revolutionary innovations that have the potential to transform a wide range of industries. There are several industries that are currently using blockchain technology as a real-life application. Here are some examples:

  1. Financial Services: The financial services industry has been one of the earliest adopters of blockchain technology. Blockchain-based solutions are being used in areas such as cross-border payments, remittances, and trade finance. For example, Ripple is a blockchain-based platform that is being used by several financial institutions to facilitate cross-border payments.

  2. Supply Chain Management: Blockchain technology is being used to improve transparency and traceability in supply chain management. Companies such as IBM and Walmart have implemented blockchain-based supply chain solutions to track the movement of goods and products.

  3. Healthcare: Blockchain technology is being used to improve the sharing and security of patient data. For example, MedRec is a blockchain-based platform that allows patients to securely store and share their medical records with healthcare providers.

  4. Gaming: Blockchain technology is being used to create decentralized gaming platforms where players can buy, sell, and trade in-game assets using cryptocurrencies. Axie Infinity is a blockchain-based game that has become very popular in recent years.

  5. Real Estate: Blockchain technology is being used to automate and streamline the real estate buying and selling process. For example, Propy is a blockchain-based platform that allows users to buy and sell properties using cryptocurrencies.

  6. Energy: Blockchain technology is being used to create more efficient and decentralized energy systems. For example, Power Ledger is a blockchain-based platform that allows users to buy and sell renewable energy credits.

  7. Voting: Blockchain technology is being used to create more secure and transparent voting systems. For example, Voatz is a blockchain-based platform that allows voters to cast their ballots using their smartphones.

  8. Identity Verification: Blockchain technology is being used to create more secure and verifiable digital identities. For example, Civic is a blockchain-based platform that allows users to securely store and share their digital identities.


In conclusion, blockchain technology is being used in a variety of industries as a real-life application, and the potential for future use cases is vast.


As blockchain technology continues to evolve and mature, we can expect to see even more industries adopt and integrate it into their operations.


Explainer Video: Everyday Use of Blockchains


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