What are the main application fields of blockchain technology?

A: The main application fields of blockchain technology are finance, Internet of Things and logistics, public services, digital copyright, insurance and public welfare.

I. Financial field

Blockchain has great potential application value in international exchange, letter of credit, equity registration, stock exchange and other financial fields.

Second, the field of Internet of Things and logistics

Blockchain can also be naturally combined in the fields of Internet of Things and logistics. Through blockchain, logistics costs can be reduced, the production and delivery process of goods can be traced back, and the efficiency of supply chain management can be improved.

Third, the field of public services.

Blockchain is closely related to people's production and life in public management, energy, transportation and other fields, but the centralized nature of these fields has also brought some problems, which can be transformed by blockchain.

Fourthly, the field of digital copyright.

Through blockchain technology, works can be authenticated to prove the existence of works such as text, video and audio, and ensure the authenticity and uniqueness of ownership.

Verb (abbreviation of verb) insurance field

In terms of insurance claims, insurance institutions are responsible for fund collection, investment and claims settlement, and the management and operation costs are often high.

Sixth, the field of public welfare.

The data stored in the blockchain is highly reliable and cannot be tampered with, so it is naturally suitable for social welfare scenarios. Relevant information in the process of public welfare, such as donation items, fundraising details, capital flow, feedback from recipients, etc. It can be stored in the blockchain, and it can be publicly and transparently publicized if conditions permit, which is convenient for social supervision.