The 3 Benefits of Blockchain For Your Business (For Maximum Profitability)

You’re probably reading this blog post in your precious free time and have thought to yourself, “How can I use Blockchain to my benefit?”

Sure, you’d like to use it to boost your business, but what can it offer you might wonder?

Well, it offers some of the following:

Security - Before transfers are recorded, they must be agreed upon beforehand. Therefore when a transaction is approved, it is encrypted and linked to the previous transaction. This, along with the fact that information is stored across a network of computers instead of on a single server, makes it very difficult for hackers to compromise the transaction data.

Transparency - Because blockchain is a type of distributed ledger, all network participants share the same documentation as opposed to individual copies. Transaction histories are becoming more transparent through the use of blockchain technology.

Fairness - Since everything recorded on a Blockchain is on public record, this offers something such as a smart contract for various parties to agree upon. That shared version can only be updated through consensus, which means everyone must agree on it, whether that is a voting system, finance, business deals.  

There are many other ways that Blockchain can benefit your start up and you can see them all for yourself at The Blockchain Blueprint. Sign up today at www.blockchainblueprintcourse.com