Explain the concept of blockchain technology and its applications.
Blockchain is a decentralized, distributed ledger technology that records transactions across a network of computers. It offers security, transparency, and immutability, making it suitable for applications beyond cryptocurrencies. Blockchain finds use in supply chain management to enhance traceability, reduce fraud, and improve efficiency. In finance, it underlies digital currencies like Bitcoin and supports smart contracts. It can also be applied to voting systems, identity verification, and intellectual property protection. check Now