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Is the Blockchain Different from Banking Ledgers?

yes, they are : Banks and accounting systems use ledgers to track and timestamp transactions. The difference is that the blockchain is completely decentralized and an open source.

sorry I didn't quite get it, decentralized and open source? can you explain more?

This means that people do not have to rely on or trust the central bank to keep track of the transactions. The peer-to-peer blockchain technology can keep track of all the transactions without the fear of having them erased or lost.

Furthermore, the blockchain, because of its open-source nature, is more versatile and programmable than central banking ledgers. If programmers need new functionality on the blockchain, they can simply innovate on top of already existing software through consensus. This is difficult for central banks because of all of their regulations and central points of failure.

by the way could you please explain a real-life use-case where blockchain is being used? thanks

Sorry, I do not know how to cover this aspect

that's okay. Thanks anyway!^^

If you need anything, feel free to discuss, if I know something I will be helpful