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    Sonal Shridhar Shinde in Introduction to Blockchain Technology

    23-Jan-2023 07:03 AM


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    Future scope of Blockchain Technology

    Blockchain technology is a way to store information that can be used in many different areas like finance, supply chain management, and the internet of things. In the future, it might be used for different things like:

    Digital Identity: using blockchain to keep personal information safe and secure and to prove who someone is without needing a middleman.
    Smart Contracts: using blockchain to make legal and financial agreements happen automatically.
    Decentralized Finance: using blockchain to make financial transactions happen without needing a bank or other middleman.
    Supply Chain Management: using blockchain to keep track of how goods and services are moved and make sure everything is done fairly.
    Internet of Things: using blockchain to make sure that devices that are connected to the internet can talk to each other safely and securely.
    Right now, we are still learning about all the ways blockchain can be used. It has a lot of potential for the future.
    Source: GeeksForGeeks