Definition
A digital ledger technology that records transactions in a secure, transparent way. It’s often associated with cryptocurrencies like Bitcoin.
What to consider
- Stay curious about its potential applications beyond cryptocurrencies.
- Think of it as a way to enhance security in digital transactions.
- Keep up with how industries are starting to use this technology.
Real world scenarios
- Nick invests in a startup applying blockchain to streamline international payments, drawn by the technology’s security features.
- A cosmetics brand uses a blockchain ledger to verify the ethical sourcing of raw materials, boosting consumer trust.
- Marina attends a conference exploring blockchain’s potential in healthcare record management.
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