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A REUTERS VISUAL GUIDE - Blockchain explained

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Blockchain possible uses

CRYPTOCURRENCY

Blockchains are the basis of bitcoin and other cryptocurrencies.

BANKING

Financial institutions have been investing in blockchains to simplify their record-keeping for payments.

SUPPLY CHAIN

Recording trades on a blockchain offers a way to check the history of a product. For example, jewelry companies hope it can assure customers that diamonds are not from places where they could finance war.

HEALTHCARE

With blockchain, medical history could be securely stored and controlled by patients.

VOTING

Blockchain records could create tamper-proof election returns.

PROPERTY RECORDS

Storing land records on a blockchain could cut down on costly title research and insurance. In politically unstable places, it could help prove ownership.