The benefits of block chain technology are endless but there are more than just the obvious one. We will show you new interesting benefits!
IMPROVE SECURITY
If someone want to cheat, he needs to reverse every single hash function by randomly trying. And because nobody has much computing power, it is impossible to hack the network
IMPROVE IDENTIFICATION
With Blockchain we can store any report any person from any source. so you can trust the profile rating and therefore trade in totally new way
BATTER TRACEABILITY
It is hard ti trace an item back to its origin. blockchain can record the exchange of goods. so you get an audit trail that shows where an asset came from and every stop it made on its journey.
INCREASE EFFICIENCY
When you want to transfer something, there is a lot of paperwork, human error and third-party mediation way faster. But of the digital ledger, we can transfer money way faster and more efficiently.
REDUCE COSTS
With blockchain, you have less paperwork, error and you don’t need third parties anymore. This will reduce the costs of a company.
INCREASE TRANSPARENCY
Blockchain allows us to have a decentralized database that can not be changed. so everyone has access to the network and can view the data whenever he wants
INFOGRAPHIC
The Hacker News 