Definition ∞ Blockchain utility describes the practical applications and functional value that a blockchain network provides. It refers to the inherent usefulness of a distributed ledger technology in solving real-world problems, facilitating transactions, or enabling new forms of digital interaction. This concept moves beyond speculative value to assess a network’s capacity for sustained economic or social contribution.
Context ∞ Discussions about blockchain utility are central to evaluating the long-term viability of various digital assets and their underlying protocols. The focus is increasingly shifting towards networks that demonstrate tangible use cases in areas such as supply chain management, digital identity, decentralized finance, and data integrity. Assessing the depth and breadth of these applications is crucial for discerning genuine innovation from speculative ventures.
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