Blockchains operate on decentralized networks of users around the world and transactions are secured by complex, cryptographic code. Each transaction undergoes a verification process.
Blockchains offer secure, fast, and cheap transactions for people around the world. This has broad implications for the way money and goods are exchanged throughout our economy.
Blockchain technology bypasses many of the limitations of our traditional financial system. Privately held institutions are privy to corruption, especially in developing economies.