Can you list down the advantages of Blockchain?

The advantages of blockchain Technology are, in essence, inherent. Blockchain technology enables the creation of decentralized networks. There is no need for a centralized authority capable of improving the system. In basic words, a blockchain enables the facilitation of financial transactions. Blockchain technology is more secure than previous platforms or methods of tracking. Regardless of the transaction, it must be documented. Additionally, every transaction is encoded and scrambled in relation to the previous one.