Organizations, innovators, and governments are exploring ways to use blockchain to disrupt and transform traditional business models. Industry leaders are achieving significant business benefits, including greater transparency, enhanced security, improved traceability, increased efficiency and speed of transactions, and reduced costs.
Srijan can help you bring together blockchain allies across departments and disciplines, industries and organizations, and countries and cultures.
Since blockchain is a type of distributed ledger, all network participants share the same documentation as opposed to individual copies. To change a single record would require the alteration of all subsequent records and the collusion of the entire network.
Blockchain is more secure than other record-keeping systems since the information is encrypted and linked to the previous ones. This, along with the fact that information is stored across a network of computers instead of on a single server, makes it very difficult to compromise the data.
When exchanges of goods are recorded on a blockchain, the historical transaction data can help to verify the authenticity of assets and prevent fraud.
By streamlining and automating the processes with blockchain, transactions can be completed faster and more efficiently. A single piece of work can be performed using a single digital ledger that is shared among participants, and you end up with less clutter.
With blockchain, you don’t need as many third parties or middlemen to make guarantees because it doesn’t matter if you can trust your trading partner. You also won’t have to review so much documentation to complete a trade because everyone will have permission access to a single, immutable version.