Blockchain Technology: Beyond Cryptocurrency

Blockchain is the underlying technology that powers cryptocurrencies like Bitcoin, but its potential stretches far beyond digital money. At its core, blockchain is a decentralised ledger that records transactions across many computers in a way that prevents alteration or fraud.

This secure and transparent design is being adopted across industries to improve trust, efficiency, and accountability. For example, in healthcare, blockchain can securely store patient records accessible only to authorised users. In supply chains, it enables real-time tracking of goods from origin to delivery, reducing fraud and errors.

Governments are exploring blockchain-based voting systems to ensure election integrity, while businesses use smart contracts to automate agreements without intermediaries. As blockchain adoption grows, it promises to transform how we conduct business and manage data worldwide.