BLOCKCHAIN APPLICATIONS BEYOND CRYPTOCURRENCY: TRANSFORMING INDUSTRIES

Abstract

Blockchain technology, initially popularized by cryptocurrencies, has evolved into a transformative force with the potential to revolutionize a wide range of industries. Beyond financial applications, blockchain is being explored and implemented across sectors such as supply chain management, healthcare, manufacturing, and governance. By leveraging its key features—decentralization, transparency, and immutability—blockchain enhances security, reduces fraud, and facilitates greater efficiency in transactions. This paper delves into various use cases of blockchain technology beyond cryptocurrency, highlighting its ability to streamline operations, ensure data integrity, and create more accountable and decentralized ecosystems. The exploration of real-world applications illustrates how blockchain is poised to reshape traditional business models and create new opportunities for innovation.