Future applications of Blockchain
Block chain facilitate development of scalable applications, which have immense social impact. Bitcoin is considered to be the most popular a widely used application developed using Block chain. Blockchain based Applications can be categorised as follows:
Financial Applications: Decentralized cryptocurrencies that provide people across the globe with instant, secure way of performing transactions.
Property management: Smart property allows ownership of both physical and non-physical property to be verified, programmable and tradeable. The ownership details of a property is written on the Blockchain.
Contracts: Smart contracts are verified on the blockchain, allowing for programmable, self executing and self enforcing contracts. Smart contract facilitate the development of Supply Chain Management.
Digital Identity Management for IoT-Internet of Things : Blockchain technology allows for identity verification, authorization, and management IoT devices
Supply Chain Management (SCM)