---
title: "Blockchain: Why It is Popular in Financial Applications"
description: "Here are the reasons Blockchain being Used considerably in financial applications."
url: https://srinimf.com/2018/01/26/blockchain-technology-saves-time-to-read-now/
date: 2018-01-26
modified: 2026-10-10
author: "Srini"
image: https://i0.wp.com/srinimf.com/wp-content/uploads/2021/04/pexels-photo-7218502.jpeg?fit=867%2C1300&ssl=1
categories: ["Blockchain"]
tags: ["Blockchain applications examples", "Blockchain technology", "MCQ Blockchain"]
type: post
lang: en
---

# Blockchain: Why It is Popular in Financial Applications

Distributed ledger and it contains transactions done by all the people involved in that channel. The transactions are tamper-proof.

## Blockchain Benefits

1. The transactions are tamper-proof
2. These transactions are visible to the people who involved
3. Top usage in financial applications

Related[5 Blockchain Terms These Helpful for Interviews](https://srinimf.com/2018/06/03/5-key-words-on-blockchain-you-need-to-refresh-quickly-while-working/)

### A Video

### Free certification on blockchain

You can take the course on [blockchain](https://developer.ibm.com/courses/all/blockchain-essentials/) and it is free from IBM and you can complete it in 2 hours. Many financial institutions are in the race to implement blockchain technology. Many governments also pushing blockchain projects.

Related[Hyperledger Fabric ‘Blockchain’ Quiz](https://srinimf.com/2019/02/04/concepts-hyperledger-fabric-useful-free-quiz/)

[![development](https://i0.wp.com/srinimf.com/wp-content/uploads/2018/01/development.png?resize=760%2C173&ssl=1)](https://i0.wp.com/srinimf.com/wp-content/uploads/2018/01/development.png?ssl=1)

### Facts on Blockchain

The financial services industry is trying to incorporate it to make their backend processes more efficient. For those not in the know, [blockchains are distributed databases](http://www.forbes.com/sites/bernardmarr/2016/05/27/how-blockchain-technology-could-change-the-world/#40cf14c49e09) that can contain a growing list of data records. The linked data structure blocks that make up the blockchain are resistant to revisions and tampering.

[![bchain jobs](https://i0.wp.com/srinimf.com/wp-content/uploads/2018/01/bchain-jobs.png?resize=627%2C451&ssl=1)](https://i0.wp.com/srinimf.com/wp-content/uploads/2018/01/bchain-jobs.png?ssl=1)

This is a space where you can learn more about blockchain.

Related

- [12 Top Blockchain Platforms Comparison Made Simple](https://srinimf.com/2019/02/10/12-top-blockchain-frameworks-read-today/)DateFebruary 10, 2019
- [10 Blockchain Applications That Open Doors for Developers](https://srinimf.com/2017/12/20/top-blockchain-real-use-cases-trending/)DateDecember 20, 2017
- [The Complete Blockchain Framework in a Nutshell](https://srinimf.com/2017/10/11/five-steps-to-understand-blockchain-technology/)DateOctober 11, 2017

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