Blockchain can help solve many real-world problems and provide a better economic model for everyone. Let’s look at these issues and see what blockchain can do to help.
Most people associate blockchain with Bitcoin and Cryptocurrency. Its application extends far beyond digital assets. Blockchain is, in fact, one of the most revolutionary and disruptive technologies of our time.
Reports indicate that global blockchain spending will rise and surpass $15.9 billion in 2023.
Moreover, nearly every industrial sector is eager to adopt blockchain technology and reap the benefits. This includes the fintech companies, the media industries, and health care.
What makes blockchain such a powerful force? We have compiled a list that addresses real-world problems and shows how blockchain can provide effective and efficient solutions. We will also learn the core problem that blockchain is trying to solve.