Use smart contracts
Smart contracts allow parties to enter into contracts without intermediaries. They work on the basis of blockchain technology, which ensures their reliability.
Through smart contracts, companies can significantly reduce the cost of a subset of common transactions and bypass numerous regulated rules and regulations.
For example, the Slock organization has built a smart contract into its smart bike lock. The client must fulfill all the terms of the contract to unlock the lock on the rented Bicycle.
To increase the reliability of data storage
Cloud storage causes many concerns in business. A lot of money is spent to protect the data. Blockchain technology allows companies to reduce the cost of storing data on Central servers.
Get a Proof of Provenance
With the help of Blockchain, you can control the brand product at every stage of its creation, purchase and delivery. Digital audit is reliable and provides more information.
To pay with cryptocurrency
Pay salaries in digital money is beneficial to companies whose employees work in different parts of the world. This will reduce costs by saving time for the transfer of funds and storing all the necessary data in a distributed register.
To hold fair vote
Delegated Proof of Stake (DPOS) is a fast and efficient consensus model. All network parameters, from payment schedules to intervals and transaction sizes can be customized through democratically elected delegates. This, in turn, allows for almost instant confirmation. The consensus Protocol provides for the protection of each participant from unwanted regulation.
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