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Blockchain technology is a very broad space that goes beyond launching new crypto tokens/trading coins or making profits from portfolio holdings, when a newbie hears the word cryptocurrency they only narrow their thoughts to the aforementioned crypto use cases, the technology goes beyond trading crypto pairs, holding coins, and earning profits from holding these coins, considering blockchain as a scalable solution in this 21st century it serves as a security protocol for both financial, industrial, and health sector, the technology has been integrated and incorporated into various working areas, In health sectors for tracking drugs authenticity, scalability in financial institutions for fast processed transactions completion in the entertainment industry it has been used as means of proving ownership of a collection with the help of NFTs.
Blockchain technology has provided scaling solutions with various use cases which have been applied in financial services, health, entertainment and, other subsequent industries to boost security, trust, and transparency in public and private sectors.
Cryptography is a technique used for securing communication among users, its application has been applied into blockchain protocols this integration made blockchain technology a top-notch secured decentralized system providing security for a daily basis use case in the world today several projects have tapped into this system to enhance better privacy in various organizations.
Blockchain technology provided the use of private keys for encryption and decryption of messages/transactions between different parties, without direct access to these keys it's difficult for any external user to decrypt other users information without their direct consent, as blockchain systems are gradually gaining momentum in today's technology if fully embraced and implement phishing, spanning of users information will be drastically reduced to minimal thereby reducing the risk of theft.