Blockchain Service

Definition ∞ A blockchain service provides infrastructure, tools, or applications built upon distributed ledger technology. These services enable users to interact with blockchain networks without needing to manage complex underlying protocols directly. They range from data storage and identity verification to smart contract execution and digital asset management. Such services facilitate the adoption and integration of blockchain technology across various industries.
Context ∞ The utility of blockchain services is rapidly expanding beyond foundational cryptocurrency transactions, influencing areas like supply chain management, digital identity, and tokenized real-world assets. News frequently covers the launch of new enterprise-grade blockchain platforms and specialized decentralized applications. The current trend indicates a move towards more user-friendly and scalable solutions that abstract away the technical complexities of distributed ledgers.