What are some of the problems that blockchain technology can solve?
Blockchain technology has the ability to create new foundations for global cooperation. With blockchain, we can create a new way of doing business without needing a central authority to control transactions. Many industries are currently exploring use cases of Blockchain technology in order to cut costs, reduce fraud and make more transparent decisions. Here are some of the most interesting use cases: - \*\*The National Health Service in the UK has announced they’ll be using blockchain to store patient data on an encrypted database for faster access.\*\* - \*\*Retailers are using blockchain to combat counterfeit goods by tracing their origins through the supply chain.\*\*