96  Blockchain

B: Once the artist has an offering and is ready to sell, the request can

be launched through a platform. The blockchain ecosystem provides

a global marketplace with multiple media companies, retailers, art

collectors and individuals who would like to buy the creative product.

C: Local regulators can demand to be part of the blockchain with a node

within the network. This will allow them to either take part in the

verification of the transactions or carry out an audit to make sure all

artists, media companies, retailers and individuals have been verified

through the KYC process.

D: Another important part of the blockchain is customers who would

like to buy the products offered on the platform.

E, F: The whole end-to-end process is automated whereby the artist gets

paid as per the agreed contract.

G: Last but not least, if the end customer, who would like to buy the

product like a piece of art and would like to know if the artist was

treated ethically and fairly by the business before buying the product,

the customer wallet or app can provide end-to-end supply chain of the

product.

SUMMARY

In this chapter, we discussed various use cases being launched through

blockchain and how the technology is disrupting multiple sectors globally.

We also discussed real-life financial and non-financial use cases and their

technical implementation through the use of blockchain technology. In this

chapter, we also articulated the benefits of blockchain on real-life use cases

within various sectors.

Finally, this chapter concluded that blockchain is here to stay and by no

means it is hype. It can create value add for businesses if used correctly and

with sufficient governance.