Transparency : You can see who owned or paid or gave or did what, at various points in time, whenever you want or need. It’s a totally transparent system
Security : Blockchain is far more secure than other record keeping systems because each new transaction is encrypted and linked to the previous transaction. Blockchain is formed by a complicated string of mathematical numbers and is impossible to be altered once formed. This immutable and incorruptible nature of blockchain makes it safe from falsified information and hacks
Traceability : With the blockchain ledger, each time an exchange of goods is recorded on a Blockchain. This can not only help improve security and prevent fraud in exchange-related businesses, but it can also help verify the authenticity of the traded assets
Efficiency : Due to its decentralized nature, Blockchain removes the need for middlemen in many processes for fields such as payments and real estate. In comparison to traditional financial services, blockchain facilitates faster transactions by allowing P2P cross-border transfers with a digital currency
Reduced costs : Blockchain can potentially speed up transactions while cutting costs associated with third-party banks and lowering the risk of fraud. That means more speed, affordability, and security for everyone
