The concept of blockchain has energized the financial services industry globally. Blockchain technology allows everyone to hold and make transactions as strangers but in a completely transparent manner. This concept can be applied to the entire digital world, thereby making any kind of exchange/transactions secure.
The LTP Blockchain Use Cases Infographic talks about the numerous business models and companies that are beginning to sprout based on blockchain technology (excluding companies focused on payment and banking transactions).
The infographic highlights the below categories under the non-financial use cases of blockchain:
- Decentralized IoT
- Digital security
- Proof of ownership for marketplaces, digital content storage
- Escrow and custodian services
- Smart contracts
- Decentralized prediction platforms
- Fraud and authentication services
Note: Infographics are rich visual representations of information and data intended to present complex information quickly and clearly. An Infographic is a structured outcome of the primary and secondary research conducted by MEDICI analysts in more than 30 FinTech segments. Infographics can be integrated with the corresponding Segment Snapshot, Research Report and Strategic Insight for a more detailed analysis.