The core characteristics of blockchain are depicted in this use case diagram, which includes decentralization, transparency, immutability, and automation. These elements can be applied to a variety of industries, resulting in a plethora of use cases. Blockchain enables easier, cheaper, and faster access to capital in capital markets. It lowers issuance barriers and allows for peer-to-peer trading, faster and more transparent settlement and clearing, lower costs, lower counterparty risks, and streamlined auditing and compliance. As shown in this blockchain use case diagram, a blockchain-based digital identity system provides a unified, interoperable, and tamper-proof infrastructure with significant benefits for enterprises, users, and IoT management systems. Go ahead and start using EdrawMax to create beautiful use case diagrams for your organization.
