Transacting via blockchain is significantly faster because of configuration-level authentication and authorization. For cross-border trades, for example, this is particularly useful — no time-zone issues and waiting for approval from all parties.
Be it a public network like bitcoin or a private hyperledger, the details of each operation are visible to every participant yet personal info is kept private. You see the data flow clearly including funds and assignments.
Trust comes at cost — bank fees, time for verification and processing of payments, etc. Blockchain reduces this cost drastically and wildly incites new layer of digital relationships.
Blockchain network doesn’t involve humans in verification that eliminates human error. This also leads to more accurate record of information. Any fraud or misunderstanding is excluded from p2p transactions at a programming level.
Distributed network lessens the risks of corruption or failure. Authentication and authorization of any transaction become more trackable and integrative. At the same time, private information remains private.
When security and integrity matter, blockchain is just right. Data is distributed and thoroughly protected and encrypted. Decentralization makes transaction records extremely difficult to meddle in and nearly impossible to corrupt.
The following platforms and technologies provide our clients with an ability to start monetizing their custom blockchain solutions with no regard to their level of complexity.
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