Blockchain is a decentralized and secure digital notebook where transactions are recorded in blocks and linked in a chain. This technology ensures the integrity of records, making it difficult to change or tamper with them. With potential uses in various industries, it offers transparency and efficiency beyond digital currencies.
Tag: blockchain technology
8 ways Blockchain is used in Finance – is it Helpful?
Blockchain technology is revolutionizing finance with benefits like faster cross-border payments, automated smart contracts, streamlined trade finance, asset tokenization, secure identity verification, decentralized finance platforms, improved regulatory compliance, and transparent supply chain finance. Challenges like scalability and privacy concerns need addressing for widespread adoption, but the technology’s potential is driving exploration and evolution in financial operations.