Blockchain is best known as the innovative database technology that forms the foundation of almost all cryptocurrencies. It is an incorruptible, decentralized digital ledger. Blockchain stores sensitive data and publicly validates and distributes transactions in unalterable encrypted ledgers. It is decentralized, making it a fantastic instrument in banking and finance to make international payments, improve capital markets, and streamline trade finance deals. However, blockchain can be used across other industries for other purposes as well. Here are five of them.