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BENEFITS OF BLOCKCHAIN

  • Blockchain networks are de-centralized, mitigating the risk posed by single points of failure, thereby dramatically increasing reliability.
     

  • Blockchain networks are designed with visibility and transparency at their core, promoting trust and confidence among all participants.
     

  • Blockchain transactions require the identity of all participants (on a network or in transactions) to be validated by the network or by other participants, significantly mitigating the risk of identity fraud.
     

  • Blockchain transactions are powered by Smart Contracts; lines of code that can automate the administration and governance of transactions according to the criteria and standards defined by their corresponding paper contract.
     

  • Blockchain transactions are immutable. They cannot be deleted so all parties can trust that their data is, and will remain, fully auditable.

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