Blockchain Use Cases: Prediction Markets and the Power of Collective Insight

When blockchain and markets are mentioned, thoughts often turn to crypto exchanges and price charts. However, blockchain technology offers far more than just asset trading. One significant application is prediction markets, which forecast future events by aggregating collective insights from many participants. 💡

Prediction markets gather beliefs and knowledge to predict outcomes. While these markets have existed for decades, blockchain introduces a revolutionary architecture. This technology fundamentally reshapes how these markets are constructed and governed, bringing new levels of transparency and efficiency. 🌐