Post
Topic
Board Bitcoin Discussion
Re: Why People Call Bitcoin Blockchain?
by
htsy585
on 03/08/2020, 13:55:47 UTC

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?

Considering the core features of bitcoin which are security, decentralization, immutability, concensus and distributed ledger, it's best suited for the financial sector and that's why it's first application was for creating a digital currency. The blockchain is applicable in other sectors no doubt but when it comes to the industry that leverage and needs ot the most, it's the finance and coupled with the fact that people are looking for freedom over their financial lives makes finance a better industry for blockchain disruption