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Blockchain Technology Applications & Use Cases in 2022

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As Bitcoin and other cryptocurrencies gained momentum, the focus shifted to blockchain Technology. This is the distributed ledger technology (DLT) that underpins these digital currencies.    Blockchain Technology is easy to understand by its roots. Basically, this technology consists of a shared database  with entries that require peer-to-peer network authentication and encryption. It's useful to think of it as a strongly encrypted and validated shared Google Docs. Each entry on the sheet depends on a logical relationship with all ancestors and is agreed upon by everyone on the network.    However, Blockchain Development not only acts as the fuel behind Bitcoin, but also has many more potential use cases. Below, We have outlined some of its new uses in finance, business, government, and other industries. Blockchain Applications in Finance Sector International Payment Option Blockchain Solutions provides a safe and efficient way to  create tamper-proof logs for sensi