What Benefits Can Blockchain Bring?
- Improved efficiency: Transactions can be completed almost in real time.
- Lowered costs: The expenditure on the intermediary is cut.
- Reduced risks: Risks caused by tampering, fraud, and cybercrimes are reduced.
- Enhanced mutual trust: Shared, distributed transaction ledgers build trust among transaction participants.
- Transparent audit: Audit institutions can audit the immutable ledgers at any time.