---
title: "Why is Blockchain a trusted approach?"  
description: "Why is Blockchain a trusted approach?"  
author: "Sandra Emily"  
published: 2022-05-18  
canonical: https://answers.mindstick.com/qa/97465/why-is-blockchain-a-trusted-approach  
category: "troubleshooting"  
tags: ["troubleshooting", "blockchain"]  
reading_time: 1 minute  

---

# Why is Blockchain a trusted approach?

Why is Blockchain a [trusted](https://www.mindstick.com/interview/863/which-one-is-trusted-and-which-one-is-untrusted) approach?

## Answers

### Answer by Hitesh Vohra

- Contrary to popular belief, the Blockchain's potential benefits extend beyond finance to a wide range of industries, including IoT, government, healthcare, retail, manufacturing, energy, supply chain, and education.
- For a variety of reasons, blockchain can be trusted.
- Because of its open-source nature, it is compatible with various business apps.
- It's about safety. Because it was designed for online transactions, the creators paid great care to keeping the security up to date.
- Blockchain can simply be considered regardless of the type of business one has.

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**Read More[: How does a block is recognized in the Blockchain approach?](https://answers.mindstick.com/qa/97469/how-does-a-block-is-recognized-in-the-blockchain-approach)**


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Original Source: https://answers.mindstick.com/qa/97465/why-is-blockchain-a-trusted-approach

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