Blockchain Use Cases

How will blockchain impact the industries of finance, identity, supply chain management, and more? Learn how major sectors are presently deploying Ethereum blockchain solutions to solve recurrent industry problems.

What are the Use Cases and Applications of Blockchain Technology?

Blockchain technology’s core characteristics include decentralization, transparency, immutability, and automation. These elements can be applied to various industries, creating a multitude of use cases. Here are what we believe to be the most pertinent blockchain use cases for enterprises, institutions, and governments.

Capital Markets Capital Markets
Capital Markets

For capital markets, blockchain unlocks easier, cheaper, and faster access to capital. It reduces the barriers to issuance and enables peer-to-peer trading, faster and more transparent settlement and clearing, reduced costs, decreased counterparty risks, and streamlined auditing and compliance.

Central Bank Digital Currencies CBDC Central Bank Digital Currencies CBDC
Central Bank Digital Currencies CBDC

CBDCs are a digital form of central bank money that offers central banks unique advantages at the retail and wholesale levels, including increased financial access for individual customers and a more efficient infrastructure for interbank settlements.

Decentralized Finance (DeFi) Decentralized Finance (DeFi)
Decentralized Finance (DeFi)

Decentralized finance—DeFi—refers to the shift from traditional, centralized financial systems to peer-to-peer finance enabled by decentralized technologies built on Ethereum. Millions are building and participating in this new economic system that is setting new standards for financial access, opportunity, and trust.

Digital Identity Digital Identity
Digital Identity

A blockchain-based digital identity system provides a unified, interoperable, and tamper-proof infrastructure with key benefits to enterprises, users, and IoT management systems. The solution protects against theft and provides individuals greater sovereignty over their data.

Energy and Sustainability Energy and Sustainability
Energy and Sustainability

Oil and gas companies suffer from siloed infrastructures and a lack of transparency, efficiency, and optimization. Enterprise-grade blockchain solutions can significantly increase process efficiencies and reduce costs associated with oil and gas operations and distribution.

Finance Finance

Financial services struggle with archaic operational processes, slow payment settlements, limited transparency, and security vulnerabilities. Blockchain enhances the efficient digitization of financial instruments, which increases liquidity, lowers cost of capital, and reduces counterparty risk.

Global Trade and Commerce Global Trade and Commerce
Global Trade and Commerce

Major trading companies and consortiums are recognizing the transformative impact of blockchain in operating global supply chains, managing trade finance, and unlocking new business models. Consensys’ blockchain products offer secure digitization, enabling the tokenization of existing documents, letters of credit, and more.

Government and the Public Sector Government and the Public Sector
Government and the Public Sector

Ethereum blockchain technology allows governments to build trust, improve accountability and responsiveness, increase efficiency, reduce costs, and create high-performing government functions with more secure, agile, and cost-effective structures.

Healthcare and the Life Sciences Healthcare and the Life Sciences
Healthcare and the Life Sciences

Blockchain-based healthcare solutions will enable faster, more efficient, and more secure medical data management and medical supply tracking. This could significantly improve patient care, facilitate the advancement to medical discoveries, and ensure the authenticity of drugs circulating global markets.

Insurance Insurance

Insurance claims are prone to fraud and claim assessments can extend long periods of time. Blockchain can securely streamline data verification, claims processing, and disbursement, reducing processing time significantly.

Law Law

An institutional-grade blockchain solution can address the estimated 9.8% loss in total productivity that manual operations costs a law firm every year by providing accessibility, transparency, cost savings, speed, efficiency, and data integrity.

Media and Entertainment Media and Entertainment
Media and Entertainment

Piracy, fraud, and intellectual property theft of digital items cost the entertainment industry an estimated $71 billion annually. Blockchain technology can track the life cycle of any content, which has the potential to protect digital content, and facilitate the distribution of authentic digital collectibles.

Real Estate Real Estate
Real Estate

Enterprise Ethereum enables the digitization of assets and financial instruments. This enhances fractionalization of ownership, expanded access to global markets, increased liquidity, and democratized access to real estate investment opportunities.

Retail Fashion and Luxury Retail Fashion and Luxury
Retail Fashion and Luxury

The retail fashion and luxury industry rapidly changes with the demands of consumers. Blockchain stands to address long-standing industry challenges by improving data management tools, enhancing supply chain operations, and reducing the risk of counterfeit and grey markets.

Sports and Esports Sports and Esports
Sports and Esports

Ethereum enabled smart contracts can streamline existing esports operations, provide new revenue models, and enhance fan engagement with enhanced loyalty programs and incentives.

Supply Chain Management Supply Chain Management
Supply Chain Management

Existing global supply chains are inefficient, poorly tracked, and oftentimes exploitative. Blockchain can facilitate accurate asset tracking, enhanced licensing of services, products, and software, and transparency into the provenance of consumer goods, from sourcing to the point of consumption.

Blockchain Solutions by Consensys

Blockchain Solutions by Consensys

The adoption and deployment of Ethereum blockchain solutions by financial institutions, crypto-enterprises, and world governments is in full swing. The ConsenSys product suite leverages blockchain to address long-standing industry problems across traditional finance, decentralized finance, commerce, and trade. Find out how.

Client Stories Client Stories
Client Stories

Client success stories and real-world blockchain applications by Consensys

Webinars Webinars

Upcoming and on-demand blockchain webinars from ConsenSys and our partners

Insight Reports Insight Reports
Insight Reports

Industry reports, executive guides, white papers, and research from the foremost experts on Ethereum