blockchain is the digital, distributed, and decentralized ledger representing the most virtual currencies. with real-time transactions, banks are left out of the equation entirely, presumably reducing transaction fees. the dow jones industrial average elements are testing out some of these applications in small-scale projects.

here are the 10 effective applications of blockchain technology:
1. money transfer and payment processing
2. supply chains monitoring
3. retail programs based on loyalty rewards
4. digital ids
5. sharing of data
6. protection of royalty and copyright
7. digital voting
8. transfer of real estate, land, and auto title
9. food safety
10. unchangeable data backup

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