The excessive price volatility of Bitcoin- which has a finite supply and is distributed via cryptology, with no central intermediary-has elicited numerous discussions about whether the digital asset has intrinsic value. Since its launch in early 2010, Bitcoin has displayed a wild price ride, hitting an all-time high price of around $64 000 in April 2021. Thus, 2017 was a historic year in Bitcoin's price charts: the coin started at $1000 and ended at $19 783.06, representing a 1 824%…
Tag: Applications of Blockchain Technology
Applications of Blockchain Technology in the Supply Chain
Just over a decade old, the blockchain world has already proven to have tons of use cases in the financial and economic world globally. Blockchains are public ledgers that possess the features of transparency, immutability, traceability, and traceability. These basic features of blockchains make them continuously garner adoption and use cases in finance, government services, hospitals, and many more options. This guide will look into one of the most popular financial use cases of blockchain, the supply chain. How is…
3 months ago
