In addition to transactions, here is how blockchain technology can also be used

Steadily, one can observe that, the emergence of blockchain-based applications is driving substantial investment in IoT-oriented projects.

ABI Research finds there to be great promise for the technology to alter and transform established industries beyond fintech. In addition to transactions, blockchain technology can also be used for communication, identification, ownership, and device management.

With continued architecture improvements, blockchain technology is expanding into smart contracts that both people and machines can be leverage.