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BlockchainTechnology:PossibilitiesfortheU.S.PostalServiceRARCReportReportNumberRARC-WP-16-011May23,2016CoverExecutiveSummaryBlockchaintechnologyallowspeerstoexchangemoneydirectlywithouttheneedforatraditionalfinancialintermediary,loweringthecostandincreasingthespeedoftransactions.However,itisprovingtobemuchmorethanawaytotransfermonetaryvalue.Atitscore,blockchaintechnologyisawaytotransferanykindofinformationinafast,tracked,andsecureway.Thetechnologyisonlyintheearlystagesofdevelopmentanditishardtorecognizeitsfullpotentialatthisformativestage.However,developersarebeginningtoexploreblockchainsolutionsoutsideoffinancialservices.Thesenewapplicationsincludepropertytransfers,theexecutionofcontracts,authenticationservices,networkanddevicemanagement,andrecordsmanagement.Despitetheirnovelty,blockchainapplicationsaregainingmainstre