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the use case can be used to record static as well as dynamic transactions.

A dynamic registry is a dynamic database (ledger) that updates as assets are

exchanged on the digital platform. DiFi a.k.a. decentralised finance is the

upcoming horizon using this technology through something called dApps

(decentralised apps). Some of the use cases of the dynamic registry are as

follows:

• Fractional investing like buying pies of crypto or real digital assets on

an exchange or P2P | (peer to peer)

• Supply chain transactions.

Static registry

A static registry is a classic example of blockchain technology. Once

recorded on the ledger, it remains there as immutable. Some of the examples

of static registry (within DLT) are as follows:

• Land registry, whereby ownership of the assets, i.e., properties, are

recorded as unique records. It is similar to the existing land registry

database that can be searched, but any amendments to them are gov-

erned and can only be appended within the existing record as new

ownership by a government department.

• Patents as a unique record of the ownership of intellectual property.

• Food origin to know where it originates from as part of the supply

chain.

Payment infrastructure

Payments are one of the other best use cases that thrive on the block-

chain. One of the new disruptive technologies that shape the faster and

cross-border payment ecosystem is Ripple Net. There are multiple use

cases of payments that are being watched and created by multiple big

organisations using blockchain technology to cut the time for payment

transfer, cut the intermediaries and ultimately make it easier, secure,

transparent, quicker and cheaper for the customers to make payment

transactions. Some of the use cases for payment infrastructure utilising

blockchain are

• cross-border peer-to-peer payment

• insurance claim settlement.