Blockchain and Smart Contracts Beyond FinTech

A report by Abi Research has concluded that there is great potential for blockchain technology to alter and transform established industries beyond the impact it has had on fintech – the emergence of blockchain-based applications is driving substantial investment in IoT-oriented projects. Some of the findings from ABI Research’s ‘Blockchain Applications: Beyond Fintech to the IoT’ report are presented below.

In addition to transactions, blockchain technology can also be used for communication, identification, ownership, and device management. With continued architecture improvements, blockchain technology is expanding into smart contracts that both people and machines can leverage.

 

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