Summary of Key Points
- Blockchain is a distributed data recording system that ensures the immutability of transaction data through cryptography and consensus mechanisms.
- It has laid the technological foundation for digital assets such as Bitcoin and Ethereum, and is changing multiple industries including finance, supply chain, and voting.
- Decentralization, transparency, and security are the three core characteristics of this technology.
How blockchain has changed modern finance
The emergence of blockchain technology has disrupted traditional data management models. Unlike other internet technologies, it introduces a completely new trust mechanism - no longer relying on central authorities, but instead maintaining data integrity through collaboration among multiple participants in a distributed network.
This transformation first demonstrated its power in the cryptocurrency sector, but its applications have long expanded to numerous fields including supply chain tracking, medical record management, identity verification systems, and even voting mechanisms. In any industry, blockchain promises to provide greater