It is true that when a brand becomes a verb or a noun to people, that brand has become mainstream.
That is how popular brands such as Google, Apple and Facebook have become overtime.
But, the fastest one to attain that status is Bitcoin. This digital product was developed by Nakamoto Satoshi in 2008 with the Blockchain underlying technology. Today, that product is called the technology and the technology is called the product.
The word "Bitcoin" was added by Oxford dictionary in 2013. And then the rest of crypto jargon, like "Cryptocurrency", "Satoshi", "Blockchain".
What I want the forum to discuss is this:
I believe that the application of Blockchain cut across many industries such as healthcare, logistics, insurance, governement, education and so and so forth.
Why is the application of Blockchain to finance has this popularity than application of Blockchain to other sectors?
What do you think?
It's because they think that blockchain can change the financial industry. And we all know that majority of alt coins are being adopted by banks, like XRP and now it is being more hype because of this DeFi. For other sectors that deals with a lot of data everyday, blockchain technology could help, but there are drawbacks as well. And now all blockchain are created equal, there are permissioned and permissionless blockchain.