Module 4: Applications of blockchain technology

In this module, you will learn how blockchain can be used in the areas of money transfers, logistics, real estate, and other industries.

Summary

Blockchain technology has a multitude of applications and can be implemented across various domains. For instance, in finance, blockchain facilitates peer-to-peer (P2P) transactions through cryptocurrencies, which are typically faster and more cost-effective than standard banking transfers.

Furthermore, blockchain can be employed to store information from different participants gathered around a common source of truth, such as data related to the movement of goods. This can be valuable in the realm of logistics for supply chain processing and combating counterfeit products.

In the real estate sector, blockchain can assist in tokenizing property rights, enabling transactions to occur much faster and predominantly in a remote manner. Additionally, this will expand the potential for fractional ownership within this domain.