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Undoubtedly, the biggest advantage of blockchain technology to date is its fundamental role in creating digital currencies.
They rapidly grew in popularity, attracting capital from individuals worldwide.
Thanks to blockchain technology, anyone can store their digital assets in a self-custodial manner, transact with other network participants, and ultimately prove the ownership of any and all acquired assets.
The blockchain revolution is in full swing, shaking up the status quo like never before.
Apart from the financial sector, a few more industries are beginning to implement the technology effectively.
Blockchains are used for property management to secure data sharing and facilitate payments to property owners, saving time and costs.
Blockchain technology provided a new level of security for patient medical records, ensuring that only authorized personnel can access sensitive information.
Blockchains enabled the independent trade of in-game items between players, spurring the creation of marketplaces that enhance the gameplay experience.
Hint: Blockchains aren’t physical machines and cannot produce physical currency.