Bitcoin is a new financial system that has the potential to have a big impact on the way the world does business. Its open ledger system and distribution network make it a valuable system. Although it is still in its infancy, as bitcoin becomes larger and more sophisticated, it may very well provide solutions to many of the current financial system’s problems.
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It is not Bitcoin, but the blockchain technology. Bitcoins is just a digital currency. Though, Bitcoin will become more widely adopted in the future.
To have a better idea of the blockchain tech and how it work you can read this aticle on the blockchain technology .
Again, just to be clear, the blockchain was created to allow for the exchange of the Bitcoin cryptocurrency however it was already envisioned by the creator(s) of Bitcoins, that this revolutionary tech would be used for so much more following the success of Bitcoins. The Blockchain has the potential for applications far beyond bitcoin and cryptocurrency.