Blockchain applications far outperform cryptocurrency and bitcoin. With its ability to create transparency and fairness while also saving businesses time and money, technology impacts a variety of areas ranging from how contracts are forced to make government work better.
We have compiled 30 examples of real blockchain application cases of this pragmatic but flexible technology. It’s far from a complete list, but they change how we do business.
Smart contracts are similar to standard contracts except that contract rules are enforced in real-time on the Blockchain, which removes the middle person and adds accountability levels to all parties involved in a way that is impossible with traditional agreements. This saves businesses time and money while also ensuring compliance from all stakeholders.
Contracts for Blockchain are on the rise as sectors such as government, healthcare, and the real estate industry are reaping the benefits. Below are a few examples of how companies use Blockchain to make contracts wisely.