Use Cases
Although blockchain technology originated with bitcoin, today
blockchain has far-reaching potential outside of cryptocurrency.
In addition to cryptocurrency, blockchain has various
applications in financial services, supply chains, and the
public sector. To support blockchain applications, governments
are enacting new laws to encourage the use of blockchain. For
example, in Arizona, signatures secured by blockchain technology
are legal under state law.
Governments and organizations use the system for a variety of
purposes such as: B. Fast, efficient and transparent transfer of
value, transparent and immutable records of transactions, etc.