Why is Blockchain called a Disruptive Technology

Question

I have often read in blogs and videos and news people telling that Blockchain is a Disruptive Technology but I dont understand why it is called so. Can someone explain this?

Answer 1

Blockchain Technology showed the world a new way of making transactions with high security. Blockchain increases the trust factor while making transactions over the internet. Blockchain is immutable i.e., once a data is written on the blocks then it can not be changed. This makes it suitable for a lot of finance based applications. Blockchain is centralized and there is no central Authority. So, there is no one organization or person in control of it. Blockchain has made many companies switch from traditional ways of storing data and transactions, Hence it is called a Disruptive Technology.