7. Blockchain and Decentralized Finance (DeFi)
Blockchain technology is best known as the foundation of cryptocurrencies, but its applications extend far beyond digital money. Blockchain provides a secure, transparent, and decentralized system for transactions, making it ideal for industries such as finance, real estate, and supply chain management.
How Blockchain and DeFi will impact your life:
- More secure transactions: Blockchain’s transparency and security make online transactions safer and less susceptible to fraud.
- Decentralized financial services: DeFi removes intermediaries from financial services, allowing for peer-to-peer transactions and lending, making financial services more accessible.
- Ownership of digital assets: Blockchain enables the ownership of digital assets, such as NFTs, giving individuals new opportunities to monetize their digital creations.