Some potential applications of Bitcoin beyond its use as a digital currency include:
Smart contracts: Bitcoin's blockchain technology can be used to create and execute smart contracts, enabling self-executing agreements without the need for intermediaries.
Supply chain management: Bitcoin's blockchain can be utilized to track and verify the authenticity of products along the supply chain, reducing counterfeiting and ensuring transparency.
Tokenization of assets: Bitcoin can be used to represent ownership of physical assets like real estate or artwork through tokenization, enabling fractional ownership and easier transfer of ownership.
Decentralized_