Different institutions have created decentralized applications or proof of concepts using blockchain technology in order to make the best use of what blockchain can offer them. Institutions that are exploring blockchain may have a financial or a non-financial use case. Based on this, we will broadly classify blockchain applications into financial and non-financial projects.
Categorizing the blockchain projects
Financial projects
Any real-world asset that has an economic value can be directly mapped to a digital asset. Any project that utilizes these tradable digital assets can be classified as a financial project. Although all applications dealing with tradable assets could be classified as financial projects, they could also...