GK Question

technology hard true_false

Blockchain technology can only be used for cryptocurrencies like Bitcoin.

  1. True
  2. False

Answer: False

Blockchain has diverse applications beyond cryptocurrency: supply chain tracking, digital identity, voting systems, healthcare records, land registries, and smart contracts. Its core value is providing decentralized, tamper-proof, transparent record-keeping.

Topic Emerging Technologies
Exam Relevance UPSC, Banking, SSC