Blockchain can track any transaction of a physical asset, as long as it is assigned a blockchain token. This means that the location and any transfer of ownership can be traced from origin to end in a verified, time-stamped and transparent way. A blockchain supply chain would increase trust between different parties along the chain, since it would open the supply chain to auditing and inspection. It is especially convenient for globalised supply chains, because funds can be transferred around the world without traditional bank involvement.

Blockchain technology increases transparency and could assist insurance companies by improving risk estimations. Blockchain could also simplify operations by digitising and storing information on asset ownership. This could reduce the time to complete a transfer of insurance cover to new owners and make paper documentation superfluous.

Blockchain applications could transform the heavily regulated energy industry, by enabling both utilities and consumers to produce and sell electricity. Blockchain could record financial and operational transactions cheaply and reliably, without a central point of authority. It could also support secure, distributed power grids based on Internet of Things (IoT) networks. Smart home appliances, such as smart plugs or smart meters, could continuously search for the best offer.

Blockchain technologies enable currency transfers to bypass middlemen like banks and payment services. Blockchains are also perfect for trading goods and services, through contractual obligations identified in smart contracts.

Institutions and government organisations could also benefit greatly from blockchain applications relating to electronic health records, government documents, voting systems and tax payments.