The advance of non-digital-currency application with blockchain

Abstract

With the vigorous development of blockchain technology, its decentralization, privacy, convenience, and other characteristics make it shine in the financial field. Today, blockchain technology has gradually been widely integrated into government, the Internet of Things, supply chain management, healthcare, and other areas. It can change the traditional centralized data management model and provide distributed and decentralized data storage and management methods. This method has higher security, transparency, and reliability, which can solve the problems existing in traditional data management methods and improve the efficiency and reliability of data management. In the meantime, using new technologies also brings many practical problems to solve. These include insufficient technology maturity, privacy concerns, and volatile legal and regulatory policies. This paper delves into these real-world scenarios and summarizes some recommendations. This will give a greater understanding of the principles and characteristics of blockchain technology, promote the popularization of blockchain technology, have a more comprehensive understanding of the use of blockchain technology in different fields, and provide valuable research materials for researchers in related fields in the future.