What Are the Benefits of Blockchain Technology?
Here’s a list of key benefits you can expect to achieve when adopting Blockchain technology into your business:
- It is an immutable public digital ledger, which means when a transaction is recorded, it cannot be modified
- Due to the encryption feature, Blockchain is always secure
- The transactions are done instantly and transparently, as the ledger is updated automatically
- As it is a decentralized system, no intermediary fee is required
- The authenticity of a transaction is verified and confirmed by participants