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Using the blockchain beyond cryptos: from money transfer to tax filing

While cryptocurrencies like Bitcoin have grown in popularity, thanks to skyrocketing prices, the importance and reach of blockchain, the underlying technology, has yet to be fully explored. Reserve Bank of India Governor Shaktikanta Das recently pointed out that while cryptocurrencies may be a “serious concern,” ten-year-old blockchain technology can thrive without currency. The Indian government, which plans to ban all private cryptocurrencies, has also indicated that it wants to “promote the underlying technology of the cryptocurrency and its uses.” Blockchain, a decentralized data storage system, has multiple uses other than cryptocurrency transactions. Here are some real uses of blockchain technology


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