Blockchain technology promises to revolutionize practically every sector of the modern economy. In this post, we take a look at why everyone’s so excited about blockchain and what do all the wide applications of blockchain really boil down to.
To create a basic level understanding of what blockchain is capable of, let’s look at the 10 things blockchain can do
- Decentralized Database
- Distributed and shared accounting ledger
- Peer-to-Peer Network
- Cryptocurrency
- Open Source Software
- A marketplace for financial services
- A platform for software development
- Empowered Decentralized Computing
- A Platform for Transactions
- Trust service layer