Blockchain technology has emerged as a revolutionary force in various industries, enhancing transparency, security, and efficiency. But what is blockchain in business, and why are companies increasingly adopting it?
At its core, blockchain is a decentralized digital ledger that records transactions in an immutable and transparent way. This means businesses can verify transactions without the need for intermediaries, reducing costs and enhancing security. The business of blockchain goes beyond cryptocurrencies, with applications in finance, supply chain management, healthcare, and many other industries.