Blockchain Usage in Finance

Most people hear the term blockchain and automatically think of cryptocurrencies, like Bitcoin. We are living in an age where cryptocurrencies actually increasing in their popularity each given day, an example of it is the increasing demand for crypto trading apps.  While this is still one of the most popular uses for blockchain technology, it’s still capable of much more. Let’s look at why and how this innovation is used in finance.  Blockchain is a unique type of data storage. All types of information, including account numbers and transactions, can be stored as an encrypted code. These codes connect to each other to form larger blocks of data, and then blocks are chained together. The information is stored all over the world rather than in one place. Because data is encrypted ...