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Beyond financial applications, blockchain has potential in other sectors.

Beyond its well-known financial applications, blockchain has potential in other sectors, such as:

  • trade and supply chains,
  • manufacturing,
  • energy,
  • creative industries or
  • healthcare.

In the manufacturing sector, a blockchain could serve as a tamper-resistant record of digital file ownership.

This can help to prevent unauthorised use, theft and infringements.

Or in the energy sector, smart contracts could manage supply-and-demand flows towards the optimal use of available energy.

For example, in microgrid energy markets, individuals could trade renewable energy with others in their communities with (near) real-time pricing.

However, key challenges need to be addressed, such as

  • convergence with other digital technologies,
  • cost of migration and interoperability,
  • applicable laws and jurisdictions, and
  • feasibility of new business models and incentives.

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Blockchain Now And Tomorrow - Assessing Multidimensional Impacts of Distributed Ledger Technologies

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Report: Blockchain Now And Tomorrow - Assessing Multidimensional Impacts of Distributed Ledger Technologies

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