Why is Blockchain a trusted approach?

Blockchain is a trusted approach due to the following reasons:

  • It is easily compatible with other business applications due to its open-source nature.
  • It is safe, hacking proof and encrypted.
  • There is no central authority to control it.
  • All participants agreed to how a transaction inserted into the blockchain.
  • The transaction is immutable means once the transaction inserted into the blockchain, we cannot change it.