Blockchain Technology in Business Blockchain technology, originally developed for cryptocurrencies like

Bitcoin, has significant applications in business due to its decentralized, transparent, and secure nature.
Blockchain can enhance supply chain management by providing immutable records of transactions,
ensuring authenticity, and reducing fraud. In finance, it enables faster and more secure transactions,
smart contracts, and improved audit trails. Businesses can use blockchain for secure data sharing,
identity verification, and intellectual property management. By eliminating intermediaries, blockchain
can reduce costs and increase efficiency. However, challenges such as scalability, regulatory compliance,
and interoperability need to be addressed. As businesses explore blockchain, they must consider its
strategic alignment and potential to transform operations.