Blockchain in Finance

Blockchain in finance is a secure digital ledger that records transactions across multiple computers. It ensures transparency, immutability, and decentralization, meaning no single entity controls the data. Once a transaction is added, it cannot be altered, reducing fraud and increasing trust. This technology underpins cryptocurrencies like Bitcoin but also streamlines traditional finance processes by enabling faster, cheaper, and more transparent transfer of assets, payments, and information across borders without requiring intermediaries. In essence, blockchain provides a reliable, tamper-proof way to record and verify financial activities electronically.