Blockchain Beyond Cryptocurrency

While blockchain technology gained fame through cryptocurrencies, its potential extends far beyond digital money. Industries from supply chain to healthcare are exploring distributed ledger technology for enhanced transparency and security. Smart contracts automate complex agreements without intermediaries, reducing costs and increasing efficiency. The immutable nature of blockchain records provides audit trails that are virtually tamper-proof. However, challenges around scalability, energy consumption, and regulatory acceptance remain significant hurdles to widespread adoption across traditional business sectors.
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