It is not owned by a single entity, therefore it is decentralized

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This is what people like most, that there is no intermediary of any kind. It was developed in 2009 together with Bitcoin, so they are practically sisters.

Previously, to carry out any type of financial transaction we needed a third party to be able to execute it. In these cases it was the bank, companies like PayPal, accountants, auditors, etc.

Blockchain bypasses these agents and connects everyone through an electronic network.

Every time a movement is united states of america phone numbers made, absolutely all members of the organization are immediately informed, creating an efficiency that no other organization in the world can match.

The reason why blockchain has gained so much admiration is that:

Data is stored cryptographically inside.
Blockchain is immutable, so no one can manipulate the data inside the blockchain.
Blockchain is transparent, so one can track the data if they want.
The three pillars of blockchain technology
The three main properties of Blockchain technology that have helped it gain widespread acclaim are as follows:

Decentralization
Transparency
Immutability
#1: Decentralization

Before Bitcoin and BitTorrent came along, we were more accustomed to centralized services. The idea is very simple. You have a centralized entity that stores all the data and you would have to interact only with this entity to get the information you need.