Apply blockchain to business

Blockchain for business has several advantages:

  • Saves time
  • Removes cost
  • Reduces risk
  • Increases trust

For example, for financial services network, a business network that runs on a blockchain can speed up transaction processes and audits. That in turn reduces costs and can lead to greater customer satisfaction. A business that runs a supply chain network can benefit from blockchain by reducing errors in shipments, have better tracking or materials, and reduce the risk of illicit tampering of records.