Data verified by network of systems but not owned by anyone.
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Decentrilized and verified data which can be accessed by everyone

Blockchain is the world’s leading software platform for digital assets. Offering the largest production block chain platform in the world. This new technology is to build a radically better financial system.

By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a new type of internet. Originally devised for the digital currency, Bitcoin, the tech community is now finding other potential uses for the technology.

Advantages of Blockchain

Any transaction been validated by a group of people who are called as "miners". It can be money, documents, valuable assets, etc..

Distribution - Since it is distributed all data comes from verified by different sources before distributing and also there isn't any data ambiguity and duplication.

Trust - Gives trust e.g when someone gives you cheque your not sure whether they have money in their account, blockchain would resolve such issues.

Scale -Scaling any application would be very easy where small startups cannot afford big servers, rather it will be your application in your own machine without the worrying to scale.

Low cost business

Blockchain technologies stand poised to convert the most arduous operational processes (e.g., governance, compliance, administration) into seamless, automatic tasks.Blockchain introduces a universal standard for storing data, making it easier than ever before to work across systems and organizations which reduces many validations and middleman services that would cost the organization more cost.

Contractual agreements cheaper

Essentially, smart contracts document the terms of a transaction and execute those terms directly—without the need for lawyers, escrows, and countless middlemen who increase the time and cost of contracts. Smart contracts can seamlessly capture obligations, drive reporting, and minimize operational errors. Governments and corporations, which are often backlogged by endless paperwork, data sources, and reporting mechanisms, will have access to instantaneous processing, verification, and payment.

How Blockchain could change finance

The Blockchain Technology Explained - The real value of blockchains and crypto currency technology

Blockchain-based Asset Management For Business