Soon after the successful implementation of blockchain in the financial sector, blockchain technology saw application in the non-financial sector as well. We will explore some of these implementations by further classifying them.
Non-financial blockchain projects
Asset management
Managing an asset in the real world is a challenging task because it requires an intermediary to maintain records that contain the complete history of the asset. The intermediary needs to prove its legitimacy before it can provide users with asset information. Building trust is an expensive task, especially in a trustless network. Blockchain technology helps to achieve this trust through the decentralization of management.
The digital representation...
