+ Accessing a single source of truth easily.

+ Transaction validation and trasparency

+ Improving the data security 

Investment management

+ Encrypting personal identification IDs and allowing citizens to access this information.
+  Individuals can be in control of their digital data and the way in which it is utilized by different parties.

Personal Identity Protection

The applications of blockchain in real-life scenarios

Saint Olaf College

Tracks and records transactions of assets through utilizing a shared, decentralized ledger. Used to reduce the risks and costs of tracking and trading things of value.

Blockchain

- Cost-effective
- Efficient
- Safe and secure
- Building trust
- Business benefits

Advantages of blockchain

- Consensus
- Provenance
- Immutability
- Finality

Characteristics of blockchain networks

- Financial Services
- Insurance
- Government
- Supply Chain Management
- Healthcare
- The Internet of Things (IoT)
- Web3
- DeFi
- Music Industry
- Land Registration
- Business
- Video games

Blockchain Use Cases

- Blocks and blockchain networks
- Distributed ledgers
- Participants
- Assets, transactions, and channels
- Consensus
- Smart contracts and chaincode
- Peer-to-peer replication
- Digital signatures
- Cryptographic hashes
- Wallet

Blockchain Key Terms

- Blockchain For Dummies® IBM Limited Edition 
- Mastering Blockchain: Deeper Insights into Decentralization, Cryptography, Bitcoin, and Popular Blockchain Frameworks
- Get started with blockchain: Explore the basics of blockchain and get started building a solid foundation
- The Blockchain Technology on the Music Industry
- Blockchain Without Waste: Proof-of-Stake
- Blockchain for Business Whitepaper (MIT)
- Blockchain Technology for Healthcare: Facilitating the Transition to Patient-Driven Interoperability
- Decentralized Finance: On Blockchain and Smart Contract-Based Financial Markets
- Blockchain basics: Introduction to distributed ledgers
- Merkle Tree
- Some Simple Economics of the Blockchain
- Blockchainizing Food Law: Implications for Food Safety, Traceability, and Sustainability
- The ICO Gold Rush
-Blockchain Technology and Decentralized Governance: Is the State Still Necessary?

Blockchain References

Use Cases of Blockchain Technology

Disadvantages of blockchain

Ethereum is alternative protocol to Bitcoin for building decentralized applications.   

It is open-source, has smart-contract functionality, and allows users to create their own arbitrary rules for ownership, transaction formats and state transition functions.

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