The Blockchain is for everyone

Alan Yarborough
2 min readDec 24, 2022

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Blockchain technology has the potential to revolutionize a wide variety of industries, and there are many ways that everyday people can make use of it. Here are a few examples:

Cryptocurrencies: One of the most well-known uses of blockchain technology is the creation of cryptocurrencies, such as Bitcoin and Ethereum. These digital assets can be bought, sold, and traded on various online exchanges. People can use cryptocurrencies to make purchases, transfer money to others, or simply hold onto them as an investment.

Smart contracts: Another use of blockchain technology is the creation of smart contracts. These are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. They can be used to facilitate, verify, and enforce the negotiation or performance of a contract.

Supply chain tracking: Blockchain technology can be used to create a transparent and secure record of transactions within a supply chain. This can help to improve the efficiency and accuracy of tracking goods as they move through the supply chain, and can also help to increase transparency and accountability.

Identity verification: Blockchain technology can be used to create secure and decentralized systems for identity verification. This can be useful for a variety of applications, such as online voting and secure document sharing.

Predictive markets: Blockchain technology can also be used to create predictive markets, which allow people to buy and sell shares in the outcome of events. For example, someone might buy shares in the outcome of an election, or in the success of a particular company.

There are many other potential uses for blockchain technology, and it is likely that we will see even more innovative applications in the future.

Photo by Shubham Dhage on Unsplash

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Alan Yarborough

Soldier turned entrepreneur, writer and academic. Interests: Trail Running, the Ocean and Travel.