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What are the areas of blockchain application? With the continuous promotion of blockchain technology, more practical examples of blockchain are running, and more benefits are that blockchain provides measurable business value in some form. Examples, whether it's cost reductions, new business models, or other tangible benefits that easily capture the CEO's attention.

Let’s look at some of the most interesting blockchain examples

1\. Supply Chain Management

By definition, supply chains are almost all middlemen. International trade, in particular, comes with a dizzying array of complex logistics. As we all know, global trade also relies on reams of paperwork.

Multiple trials and proofs of concept have already begun, including some of the major names in global shipping and logistics. For example, recent blockchain trials on land and sea trade routes between Australia and China were declared successful, and a major project supported by PwC Australia, the Australian Chamber of Commerce and Industry, and the Port of Brisbane was recently launched. Proof of concept.

Hope to see and hear more support for blockchain in supply chain management, shipping, logistics and related industries.

Schatsky said:
Supply chain management is an important growth area for blockchain because supply chain is a network phenomenon, global and complex, and at its core, blockchain can promote better connectivity in such network environments , trust, communication.

2\. Food Distribution and Security

As a specific subset of the large-scale supply chain category, blockchain technology has considerable potential use in food distribution and security.

Maryanne Morrow, founder and CEO of fintech blockchain startup 9thGear, has partnered with Walmart, IBM and Tsinghua University in Beijing to develop
apilot project, which is testing the effectiveness of blockchain in China’s vast pork, food distribution and security supply chain.

As both Haff and Schatsky note, blockchain may be a technology best suited to solving the trust problem. -This is a huge issue in terms of food supply verifying where your food comes from,
How it was farmed or produced, the authenticity of label claims, etc. are all crucial.

3. Contracts and Laws

According to Christian Kameir, managing partner of venture capital firm VC, outside of blockchain work in the financial sector, so-called smart contracts are arguably the biggest innovation to date.

Kameir explained: / A smart contract is a blockchain feature designed to digitize, verify or enforce the negotiation or performance of a contract.

Many smart contracts in practical use to date have been directly connected to initial coin offerings, or ICOs, and the creation of new cryptocurrencies; Kameir noted that over the past few years,
Thousands of these digital currency assets have been created. He added that the creation of new cryptocurrencies or tokens does not necessarily convince business leaders of the value of blockchain and smart contracts,
But he still thinks the potential is there. He pointed to its rewards and loyalty program as a good example.

Many companies have loyalty systems that encourage customers to favor their products or services when making purchasing decisions.
Kameir cited points programs (often offered by credit card issuers and other loyalty programs) and airline mileage programs as common examples of customers accumulating some sort of virtual asset for future use.
In this case, a token created on an existing blockchain can replace a system that is difficult to operate and is not used by the issuer in exchange for rewards.

4\. Real Estate and Property Law

The Devbridge Group price shows an interesting test conducted by the Recorder of Deeds in Cook County, Illinois, which tracks and manages property rights.

The CCRD’s final report on the project concluded that, like other blockchain applications, it has both great potential and some challenges. But the latter may be a reason to keep pushing for wider adoption:
While blockchain can make trading real estate simpler, more secure, more accurate and easier to understand, its adoption also faces challenges. In many cases, these challenges are the reason for adopting this new structure and can therefore also be viewed as opportunities.

5. Healthcare

From a vertical industry perspective, the healthcare industry has recently been approaching blockchain-style popularity reserved for financial services. Consider the dramatic shift to electronic health records an indicator within the industry. Again, trust is an important requirement here.

Deloitte's Schatsky said: In the healthcare industry, blockchain technology is being used in medical records to enhance security and privacy by establishing a secure distributed medical records system.

In healthcare, reusable prescriptions, shared medical records and payments, Marta, Director of Ecosystems at Hyperledger
Piekarska said. She pointed to the use of decentralized health or medical data as one example.

As John Halamka, CIO of Deaconess Medical Center in Israel, details in an HBR article, his colleagues have tested the feasibility of blockchain for tracking and processing drug data.

So, the real-world examples above suggest that we might not be far away from some golden egg moments. Those applications that demonstrate tangible business value can drive wider adoption. At the same time, there are many opportunities to test and learn.