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Blockchain Explained: What It Is, Its Use Cases, and the Industries Using It

When it comes to blockchain, what it is, its use cases, and the industries using it, there’s a lot of information out there. You can admit it: maybe you feel mystified by blockchain technology.

Rest assured you’re not alone. While it’s true that blockchain gets a high volume of media coverage, that doesn’t mean it’s being written about clearly, comprehensively, or even accurately. No standard definition of blockchain exists globally, creating confusion and often misinformation that obscures this emerging technology’s legitimacy. This can hinder the policymaking process, deter investors, and generally leave the massive potential of blockchain technology untapped.

The WTIA Cascadia Blockchain Council seeks to eliminate many of these obstacles in the region by educating investors, policymakers, and the general public about exactly what blockchain technology is (and isn’t). To help, we created an infographic that breaks down the basics of blockchain, making it easy to understand no matter your prior knowledge or professional background. In addition to telling the story of blockchain, the infographic features two real use cases, industries in Cascadia using blockchain, and information on the current market opportunity.

Download a printable version of the infographic here, share it online, and help us demystify blockchain so that it can build value for our local economy in the Pacific Northwest region. If you have any questions or want to chat, feel free to reach out to myself or anyone on the Council. We’re here to serve as a resource for the entire community.

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