CHAPTER 5
Applications of Blockchain Technology
Blockchain system is featured by distributed high redundancy storage, time-series data, non-tampering and forgery, and decentralisation and privacy protection, which makes blockchain technology not only successfully applied in the field of digital cryptocurrency but also widely applied in economic, financial, and social systems. The following chapter will introduce changes in the financial industry, Internet of Things, smart healthcare, supply chain, management, and trading of digital assets.
5.1 Changes in the Financial Industry
The essence of finance is business credit. Under most scenarios, the establishment of transaction credit basically depends on third-party intermediary institutions ...
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