Overview:
Blockchain technology, known for its role in powering cryptocurrencies, is now making inroads into various industries, offering transparency, security, and decentralization.
Key Developments:
DeFi Growth: Expanding financial services accessible to anyone with an internet connection, bypassing traditional financial institutions.
Smart Contracts: Automating and securing transactions and agreements.
Blockchain in Supply Chain: Enhancing transparency and traceability in supply chain management.
Implications:
Blockchain’s decentralized nature could revolutionize finance, supply chain, and even voting systems, making them more secure, transparent, and efficient.
