What are some meaningful real-world applications of blockchain technology? Beyond the investment aspect, which tends to be quite volatile, it seems there may be only a handful of niche applications. Many in the cryptocurrency space hype its potential, but tangible public products addressing real-world issues appear scarce, overshadowed by numerous scams. It feels like blockchain is a solution in search of a viable problem to solve.
As a point of reference, I’ve developed smart contracts and technology for NFT businesses that thrived during the last market surge, giving me some insight into this ecosystem.
blockchain is more than just crypto & nft. Supply chain management is super cool with blockchain. it makes tracking goods easy and transparent, like food tracing or drug verification.
power companies use blockchain too for p2p energy trades. underrated but shows its potential beyond just hype. 
Another significant application of blockchain technology lies in the realm of identity verification and management. Traditionally, personal data resides with centralized institutions which are vulnerable to data breaches and misuse. Blockchain offers a secure and decentralized method for managing identities, enabling individuals to have control over their own data and authenticating identities swiftly and accurately. Moreover, it also aids in minimizing identity fraud by providing a transparent and immutable record of all transactions. This approach not only enhances security but also streamlines processes in sectors like finance, healthcare, and government services.