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Blockchain Continues To Grow

9/23/2024
Blockchain Continues To Grow

Blockchain use continues to grow and will do so well into and past 2025. While cryptocurrency is the best-known application, blockchain technology can also be useful anywhere you need a shared source of truth across multiple parties.

Some common non-crypto use cases include:

  • Supply chain tracking and provenance
  • Audit trails and compliance reporting
  • Identity and access workflows
  • IoT coordination and device integrity checks
  • Healthcare and insurance data sharing (with proper privacy controls)

The key question isn’t “should we use blockchain?”. It’s “do we have a trust, coordination, or auditability problem that blockchain actually solves?”. If a normal database meets your needs, it’s usually the best answer. If you need verifiable history, multi-party workflows, or tamper-evident records, blockchain might be a fit.

If you’re evaluating whether blockchain is appropriate, it helps to get specific about requirements: who needs access, what data must be public vs private, what costs are acceptable, and what “failure modes” look like (network congestion, key loss, bad transactions). Those details often determine the right architecture.

If your business (or idea for a business) includes a lot of data, multiple stakeholders, and high integrity requirements, blockchain can reduce friction and increase transparency. If you think blockchain could be the right move, check out our blockchain services and reach out to talk through your use case.

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