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Banking Is Only The Start: 12 Big Industries Where Blockchain Could Be Used

Banking and payments aren't the only industries that could be affected by blockchain tech. Cybersecurity, music, and auto also could be transformed.

Bitcoin’s existence as a decentralized digital currency is made possible by what’s known as blockchain technology, essentially a public ledger that securely and automatically verifies and records a high volume of transactions digitally.

Entrepreneurs have come to believe that more industries could be disrupted using this technology. There are plenty of business use cases for transactions that are verified and organized by a decentralized platform that requires no central supervision, even as it remains resistant to fraud.

Here are a few of the ways that companies — both large and small — are trying to harness the power of the blockchain.

1. Banking Read Complete Article