Why is blockchain important because it offers a decentralized, transparent, and secure way to store and transfer data. By eliminating intermediaries, it reduces costs, enhances efficiency, and mitigates fraud. Blockchain’s immutability ensures that once data is recorded, it cannot be altered or tampered with, providing a high level of trust. It has applications across various industries, including finance (DeFi), supply chain management, healthcare, and voting systems, revolutionizing business processes by fostering transparency, reducing administrative overhead, and enabling secure digital transactions without relying on central authorities.
Jack Farris
106 Blog posts
