What problems does blockchain really solve?

The Solutionspace blog article delves into the crucial problems that blockchain technologies address. The author starts by outlining traditional trust issues faced in various sectors, such as finance and healthcare. They highlight one of the main challenges organizations contend with is the necessity of relying on trusted entities for storing and exchanging information. Blockchain, with its decentralized nature, allows for the elimination of this intermediation, leading to greater efficiency and security in transactions. The article also discusses several examples of blockchain applications across various fields, such as logistics, supply chain management, and the art world. In conclusion, the author emphasizes that understanding the problems that blockchain technologies solve is key to harnessing their potential in business.