Various applications of blockchain
Application scenarios of blockchain technology
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Blockchain technology has the characteristics of decentralization, transparency, and immutability, which makes it widely used in multiple industries. The following are some major application scenarios that demonstrate the potential and broad application prospects of blockchain technology in various industries. As the technology develops and matures, blockchain will continue to play an important role in more fields.
1. Finance and Payment Cross-border payment: Use blockchain technology to achieve fast and low-cost cross-border payment, reducing intermediary links and fees. Decentralized Finance (DeFi): Provide financial services without intermediaries, including lending, trading, savings, etc. Digital currency: Such as Bitcoin and Ethereum, as a new type of asset and payment method.
