I’ve recently become very interested in the concept of blockchain technology. I know that it’s the engine behind cryptocurrencies like Bitcoin, but I also hear people talk about it like it’s a game-changing technology that’s useful for so much more. However, I’m finding it a little bit difficult to wrap my head around all of this. Could you explain in practical terms what you can use a blockchain for outside of cryptocurrency?
When people say that blockchain technology can be applied to other areas, what do they mean exactly? Is it the security aspects or the decentralization, or something else entirely that makes it applicable to these other areas? Also, I’d be interested in hearing about any real world examples of non-cryptocurrency uses for blockchain. I think concrete examples would help me to better understand this technology’s potential.