The use of Blockchain is not limited to Bitcoin.
Blockchain for every sector - N.TCHINDA & CO, LAW FIRM

The use of Blockchain is not limited to Bitcoin.

Blockchain can be used for more than just bitcoin

Blockchain is a technology for executing and recording digital transactions, while Bitcoin is a cryptocurrency (among others: Ethereum, Ripple, Solana, etc.) that uses this technology for financial exchanges.

The uses of this technology are therefore not limited to the financial sector, and the first projects were created outside of it. The interest of the blockchain is to create a transparent, secure and decentralized place for transactions (of data, currencies, services, etc.), where each action is recorded and can be consulted by all. Blockchain is currently used for

  • Securing digital data ;
  • Authentication and authorization services ;
  • Rights management ;
  • Smart contract management ;
  • Security of connected objects ;
  • Traceability- Carrefour for example uses it to guarantee the traceability of its "quality" products ;

In my opinion, the technology has a lot of potential uses, new ones emerge every day, and it should be taken into account for all future digital exchanges. Blockchain can be used for more than just Bitcoin, as you can see in the examples above.

Sophie N. Ngouakang

An Attorney with interest in Regulatory Compliance| HR Professional| Cybersecurity |(DLT-NFT-BTC) Talent| Influencer| Global Ambassador-Women in Tech| Let's spread the word "Security cannot be an afterthought"??

2 年

Besides enhancing transparency, it also increases the level of security in databases that are used so widely today. And in terms of crypto currencies, this technology allows for a secure transfer of value anywhere in the world and very quickly, which allows for a faster and cheaper allocation of resources anywhere in the world for many projects or small businesses

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