GK Question

science hard true_false

True or False: Blockchain technology is primarily used for cryptocurrency transactions only.

  1. True
  2. False

Answer: False

While Bitcoin popularized blockchain, its applications include supply chain tracking, voting systems, healthcare records, and smart contracts. Decentralized ledger technology has broad utility. [[NITI Aayog Reports]]

Topic Technology - Blockchain
Exam Relevance UPSC CSE, Banking Specialist Officer, SSC Scientific Assistant