Financial institutions have traditionally viewed blockchain as a technology destined to orbit on the fringes of our finance industries, but renewed focus on central bank digital currencies (CBDC) is now challenging that belief.
The blockchain ecosystem gives birth to a number of key use cases. Blockchain itself leverages a concept of digital trust through a shared ledger validated across multiple participating parties without the need for a central authority.
Digital coins (cryptocurrency) such as Bitcoin and Ether are prominent examples of native assets built on a blockchain network.
These native coins can act as a digital currency secured through cryptography developed within a blockchain ecosystem.