It’s no surprise that many people think that blockchains are exclusively used to store crypto-based transaction data. While it’s certainly true that a majority of operating blockchains today are used for this purpose, they can store other types of important information too.
Beyond crypto, anyone can use blockchain ledgers to store any type of information, whether it be for supply chain purposes, product authentication, or to streamline legacy financial services.
Dozens of industries are already exploring blockchain-based solutions to improve the efficiency and security of their tracking systems.