Many people know of blockchain as the enabling technology behind Bitcoin and other cryptocurrencies, but there are a variety of industrial uses for the blockchain such as:
- Guaranteeing authenticity in a supply chain (e.g. farm-to-table organic foods; ethical diamonds, pharmaceutical drugs manufacture).
- Warranting Real Estate escrow transfers (eliminating the need for title insurance).
- Preventing money laundering, voter fraud, and insurance scams by tracking and time-stamping (date & location) the origin and history of every transaction step.