We asked CEOs and founders for their insights on the unexpected benefits of using blockchain for data management. From enabling secure record-keeping to improving supply chain transparency, here are six ways blockchain can be used in a non-financial industry.

  • Enables Secure Record-Keeping
  • Transforms Digital Identity
  • Enhances Data Collaboration
  • Provides Transparency and Privacy
  • Creates Tamper-Proof Historical Records
  • Improves Supply Chain Transparency

Enables Secure Record-Keeping

I’ve heard many people talk about the impeccable record-keeping of blockchain. This is in addition to the best data security possible. As long as security is a priority, it is very difficult to recover more than pieces of data with it decentralized through blockchain tech. The record-keeping of the modification and movement of data proves to be very valuable when an organization needs to investigate the alteration of data in the past to solve a problem.

Bill MannBill Mann
Privacy Expert at Cyber Insider, Cyber Insider


Transforms Digital Identity

In the field of digital-identity management, blockchain provides a unique solution to the problem of identity theft and fraud. By allowing individuals to control and directly manage their digital identities without relying on a central authority, blockchain enables a more secure and decentralized method of identity verification. This approach not only enhances security but also increases user control over personal data, transforming how personal identification is managed online.

In Estonia, the government has leveraged blockchain technology within its e-Residency program to securely manage digital identities, allowing global citizens to start and operate EU-based businesses electronically. This integration ensures robust protection against identity theft and fraud by decentralizing personal data control. The significance lies in demonstrating how blockchain can facilitate secure, global economic participation and innovation, setting a new standard for digital governance and economic development.

Alari AhoAlari Aho
CEO and Founder, Toggl Inc


Enhances Data Collaboration

The logistics industry is one of the industries where the use of blockchain technology is set to disrupt things for good. An unexpected benefit of using blockchain for data management in logistics is enhanced data collaboration across all stakeholders.

Information discrepancies and loss of trust are some of the chronic issues that still plague the logistics industry. However, a few experiments with blockchain technology for data management have revealed much promise.

Using blockchain in logistics allows multiple parties—including customers, manufacturers, carriers, and suppliers—to access the same data without intermediaries. This results in a unified source of truth that reduces discrepancies and enhances trust. Issues with document legitimacy are eliminated, reducing bottlenecks and improving efficiency.

Clooney WangClooney Wang
CEO, TrackingMore


Provides Transparency and Privacy

One unexpected benefit of using blockchain for data management in non-financial industries is achieving both transparency and privacy. Blockchain creates a tamper-proof ledger, allowing stakeholders to access accurate, real-time information while maintaining security.

In healthcare, for example, patient records are often scattered across multiple systems, making it hard to get a complete medical history. By using blockchain, data is encrypted and securely stored, with patients controlling who can access their information. This allows doctors or hospitals to view data only with permission, ensuring both security and data ownership.

From my perspective working with custom software development, the benefits are substantial. Blockchain reduces the risk of data breaches since there’s no single point of vulnerability, unlike traditional databases. Additionally, it enables healthcare providers to access full patient histories easily, improving treatment speed and accuracy.

In short, blockchain offers a secure, efficient way to handle sensitive data and puts control back in the hands of users—something that’s crucial for any industry with sensitive data-management needs.

Vikrant BhalodiaVikrant Bhalodia
Head of Marketing & People Ops, WeblineIndia, A Custom Software Development Company


Creates Tamper-Proof Historical Records

An unexpected benefit of leveraging blockchain in nonfinancial industries is its core ability to provide a tamper-proof historical record, which is particularly useful for data management. In our case, we use this technology to enhance a notary solution. By integrating blockchain, we can facilitate traditional signing processes while simultaneously securing the data and logging its history on an immutable ledger. This allows for greater transparency and accountability among all parties involved, including the signee, signer, notary, and witnesses.

Even in situations where the actual data must be encrypted for privacy or security reasons, the event itself remains transparent, verifiable, and securely documented on the blockchain. This combination of traditional processes with blockchain’s decentralized, secure architecture opens up new possibilities for trust and compliance, ensuring the integrity of critical transactions in a wide range of industries. Blockchain’s immutability offers an unprecedented level of confidence that the data remains unaltered, creating a new standard for digital trust in data-sensitive environments.

James RufferJames Ruffer
Founder, web3devs


Improves Supply Chain Transparency

One unexpected benefit of using blockchain for data management in a non-financial industry is improved transparency in supply chain management. At Crestal, we worked with a logistics company to track the journey of goods across multiple countries using a blockchain-based solution. This allowed us to provide a tamper-proof, real-time ledger of the goods’ movement. As a result, the company saw a 30% reduction in delivery disputes and a 15% decrease in manual audits.

The significance of this solution lies in its ability to foster trust among partners without the need for intermediaries, improving operational efficiency and accountability. The immutable nature of blockchain ensures that, once data is recorded, it cannot be altered, providing a clear and reliable audit trail. This level of transparency is crucial in industries like healthcare and agriculture, where data integrity and trust are essential.

Marouen ZellegMarouen Zelleg
Co-Founder, Crestal