Blockchain Cryptocurrency Exchange
                     Despite the popular conviction that blockchain technology is only designed to perform cryptocurrency 
transactions and earn bitcoins, blockchain continues its entry into many areas of life: social media, 
gaming, healthcare, real estate, and others. The technology intends to enhance work efficiency, cut 
costs for businesses and improve customer experience.
Blockchain can be explained as a digitalized database and it belongs to digital ledger technology (DLT), 
which implies no central data store or administrative functionality. Why is it an advantage for an 
enterprise? Decentralization along with transparency, gives every single participant an opportunity to 
view all recorded data, ensure its security and track important information.
Here are areas blockchain has already entered and has proven that this technology is worth relying on.
Supply chain management, for instance, is a major yet vulnerable part of the workflow of many 
companies. Parties participating in the process often don't interact with each other directly and still 
apply paper-based methods of information collection and storage. Blockchain offers complete 
elimination of paperwork: documents flow becomes automated, digital certification is employed as well.
More importantly, each authorized member of the supply chain can track the product from the 
manufacturer to the consumer and prevent counterfeit distribution.
Several American retail giants that encountered foodborne illnesses outbreaks and further food recalls, 
have implemented blockchain technology in their food supply chains. Before, tracking one product took 
around 7 days minimum, and these days a food item's provenance can be identified for a few seconds.
Thus, blockchain solutions made the process of recall faster, more efficient, and cost-saving. Meanwhile,
customers have also experienced blockchain adoption in their hypermarkets. In Walmart's Chinese 
stores, for example, they can scan the QR code and get all the information about the product: from the 
farm location to the inspection certificates.
Healthcare is the field where blockchain-based solutions have established themselves as a highly secure 
and transparent way of keeping electronic health records (EHR). Both doctors and patients receive 
authorization to access the records and use them when necessary. In the same time, blockchain 
solutions are powered by smart contracts which enable EHR data privacy protection. Healthcare device 
data and clinical research are encrypted, insurance can be executed and stored, too. Another use case is 
prescription medicines and equipment supply chain control.
E-commerce increasingly requires blockchain technology. Again, supply chain is a crucial aspect here: 
monitoring goods and managing supplies are often challenging tasks but blockchain helps businesses 
manage their inventory more efficiently. Consumers who trust their money and data to e-commerce 
organizations are concerned about data security and transparency but this issue can be addressed with 
blockchain development. Even slight changes in transaction are obvious on a blockchain, and tracking 
who made a mistake is not a problem anymore. It is also possible to perform crypto payments.
The next area is actually related to cryptocurrency transactions. DeFi, short for decentralized finance, 
doesn't only include simple assets transfer, but also refers to more complex financial use cases. The 
implementation of blockchain contributes to intermediary exclusion and, consequently, reduces costs. 
All transactions are encrypted and immutable, multi-step authentication mechanisms make the system 
hard to access for unauthorized members. Among recent novelties is the opportunity to turn to P2P 
lending services and digital banking.
Social media has potential to be affected by blockchain as well. Along with its global popularity and the 
ability to connect people around the world, social media is still vulnerable to account hacking, identity 
leakage and copyright infringement. To tackle those issues, blockchain offers author rights protection, 
digital identity verification and unbiased licensing.
Real estate, eGovernance, gaming industries and many others have joined the wave of blockchain 
adoption. Once your business chooses innovation, delegate the technology implementation to one of 
the enterprise blockchain companies which will develop a future-proof enterprise DLT for you. With 
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