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Banking is only the beginning
Annual spending on blockchain solutions is expected to reach nearly $16B by 2023.
Entrepreneurs are targeting a wide range of industries with the tech:
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Insurance — Insurance giants and startups alike are using blockchain technology to prevent insurance fraud, track medical records, file claims, and more.
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Real estate — Real estate blockchain applications can help record, track, and transfer land titles, property deeds, liens, etc. When merged with virtual reality and gaming, blockchain is making it possible to buy virtual land.
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Food & beverage — As a decentralized ledger that records, stores, and tracks data, blockchain provides a way to monitor the food supply chain and trace contamination issues to their root.
See 62 other industries blockchain could transform here.
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