Applications of Blockchain in Various Industries

Type of course:

Digital learning, Lesson

Language:

Duration:

15 minutes

Workload:

2 hours

Proficiency:

Advanced

Target:

Professionals, Students, Workers

Blockchain, a peer-to-peer ledger system, eliminates the need for central transaction authorities. While initially popularized in cryptocurrency, its potential applications across various industries are growing, driven by decentralization, cryptographic security, transparency, and immutability.
Blockchain use cases span healthcare, government, financial services, banking, supply chain management, and media/entertainment, providing transparency, security, and efficiency benefits. Entrepreneurs must assess the purpose of their activities to leverage blockchain’s advantages effectively.
Decision models and assessments of benefits vs. barriers aid entrepreneurs determine the appropriateness of blockchain adoption, considering factors like decentralization costs and computational expenses.

Source: Today’s blockchain use cases and industry applications. When do you need blockchain? Decision models, Benefits vs Barriers to Blockchain Adoption.

Learning outcomes

Learner who has completed the nugget is able to understand what blockchain means for entrepreneurs and for public sector.
Learner who has completed the nugget is able to determine whether Blockchain will work in your business model.