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blockchain blockchain in different sectors fourth industrial revolution industry 4.0

Blockchain Technology in Various Sectors and Industry 4.0

Written By Ivan on Tech

Aug 04, 2020

Blockchain technology first came about with the launch of Bitcoin in 2008 and the technology has, over the years, predominantly been associated with cryptocurrency, ICOs (initial coin offerings), and, more recently, decentralized finance.

 The nature of the technology boasts apparent advantages to the traditional financial sector; however, now other industries are beginning to recognize the uses and applications of blockchain, they too are starting to integrate this technology.

Many businesses are finding benefits with the technology's use cases across different sectors. In this article, we will discuss a variety of business models using blockchain in various industries, and how these help shape the fourth industrial revolution, a.k.a. "Industry 4.0".

What is Blockchain Technology?

Blockchain technology, sometimes known as distributed ledger technology (DLT), is a relatively new form of a database for transaction information, stored in a decentralized and transparent manner.

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