How can blockchain be applied to business models?

Blockchain technology can be applied to business models in a variety of ways. Some possible applications include using blockchain to facilitate secure and transparent supply chain management, creating trust and accountability in financial transactions, and enabling the creation of decentralized marketplaces and platforms. By leveraging blockchain's unique features, such as immutability and distributed consensus, businesses can improve efficiency, reduce costs, and enhance security and transparency. Additionally, blockchain can enable new business models that were previously impossible or impractical to implement, such as peer-to-peer energy trading or self-sovereign identity management.

This mind map was published on 15 May 2023 and has been viewed 144 times.