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Despite slower progress compared to financial applications, blockchain adoption beyond finance is steadily growing, driven by its ability to enhance security, transparency, traceability, efficiency, and automation across industries.
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The most promising and widely pursued applications include supply chain management, entertainment, digital identity, IoT device security, tokenization of assets, and the development of decentralized physical networks.
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Ongoing advancements in blockchain speed and efficiency, driven by innovations such as new consensus mechanisms and Layer-2 scaling solutions, as well as new cryptographic and architectural solutions, such as zero-knowledge proofs, fully homomorphic encryption, and others, are helping to overcome previous barriers to adoption, enabling broader and deeper integration of blockchain across diverse industries.
Blockchain's Successful Integration By Corporations Around The World
The past several months have been transformative for the crypto industry. Long-awaited regulatory changes have either materialized or are on the horizon, bringing unprecedented attention and support to the sector. Under the new Trump administration, the crypto space has gained momentum, with even the traditionally conservative TradFi community recognizing the product-market fit of innovations like stablecoins and real-world asset tokenization.
While blockchain applications in finance are well-established and receiving significant investment and adoption from TradFi institutions, blockchain adoption outside finance is also steadily progressing across industries, albeit at a slower pace.
Over the past several months, we engaged with numerous enterprise companies exploring blockchain solutions. We were struck by the growing interest and tangible progress in integrating blockchain into operations. The key to mass adoption lies in leveraging distribution networks of corporations with millions of existing customers. Blockchain’s benefits such as enhanced security, greater transparency, instant traceability, increased efficiency and speed, and automation make it an ideal technology for transforming existing products, launching new ones, and driving enterprise growth.
In recent years, blockchain technology has become significantly more accessible to mainstream users, thanks to lower transaction fees, faster processing speeds, and more intuitive user interfaces. These advancements are accelerating corporate adoption across industries. Integration with AI/IoT and sustainability mandates also accelerates this growth.
In our latest research note, we highlight key use cases, developments, and live projects across supply chain traceability, identity management, IoT security, circular economy initiatives, decarbonization efforts, loyalty solutions, and tokenization. These examples illustrate how blockchain is gradually reshaping industries beyond finance.
Finance-first, but not finance-only: While TradFi races to tokenize assets, retail tracks food safety on blockchain, and telecom companies digitize data on IoT networks, revealing a quieter revolution.
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DownloadThis report is a product of the TenSquared Capital (10SQ) research team.
TenSquared Capital (10SQ) is a venture capital firm focused on investing in blockchain-enabled startups solving real-world use cases at their inflection points of growth.
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