Various uses of blockchain

Distributed ledger technology is said to be the biggest revolution in computers after the internet; blockchain is and will be revolutionizing and impacting on each individual in years to come.

Blockchain is used in currency-related applications such as Bitcoins and Altcoins, but, apart from that, there are various other use cases of blockchain in other industries that entail completely different monetary usage. The following diagram depicts some of the industries where blockchain is being used:

Government

Various governments across the globe are using blockchain to store public records or any other information across various government sectors, such as healthcare, identity management, taxation, voting, and financial services.

By having a decentralized database, it will make it easy for the governments to reduce fraud and also introduce certain checks before the data is entered into the distributed ledger system.

Healthcare

Medical records of an individual need authentication...