Why Blockchain is here to stay?
The biggest turning point for the blockchain technology was the realization that it could be applied separately from the virtual currency that led to its birth. That was when it became evident that the technology is here to stay.
This is because beginning that time, businesses began to integrate it into their models. Its biggest selling point is its transparency. It allows for honesty and authentication on a level that no other model before it had ever hoped to achieve.
Considering the general dissatisfaction that people have concerning legacy financial institutions, the decentralized model has become a favorite. For those who feel that these institutions have too much control over their finances, the blockchain provides and alternative.
The encryption levels and anonymity offered foster a sense of security in its users. It is cost-effective and offers faster transaction processing speeds. The technology is not limited to the financial space. It has spread its tentacles into every aspect of modern commerce and cannot therefore be uprooted.