Build trust among entities: Blockchain validates transactions by consensus and records them immutably, ensuring data integrity and transparency
Blockchain is a distributed ledger technology that enables peer-to-peer transactions without the need for intermediaries or central authorities. Blockchain can be applied to various domains where trust is essential for efficient and secure operations. For example, in finance, blockchain can facilitate cross-border payments, remittances, trade finance, and digital identity verification, among others. Blockchain can also enable the creation and exchange of digital assets or tokens that represent real-world assets or value, such as cryptocurrencies, stablecoins, utility tokens, security tokens, or non-fungible tokens (NFTs).