07 August 2018

10 top Blockchain real features useful to financial projects

blockchain
Blockchain is basically a shared ledger and it has many special features. Why you need it. Business transactions take place every second of every day — orders, payments, account tracking and much more. Often, each participant has his or her own ledger — and, thus, a version of the truth that may differ from other participants.

You can avoid fraud...

These multiple ledgers can be a recipe for error, fraud and inefficiency. But because members on a blockchain share a common view of the truth, it’s now possible to see all details of a transaction end-to-end, reducing those vulnerabilities.

Ordinary ledger Vs Shared Ledger


Each participant has his own, separate ledger — increasing the possibility of human error or fraud. Reliance on intermediaries for validation creates inefficiencies. Can become a paper-laden process, resulting in frequent delays and potential losses for all stakeholders.

Complexity you can avoid


  • Single, shared, tamper-evident ledger — once recorded, transactions cannot be altered.
  • All parties must give consensus before a new transaction is added to the network.
  • Eliminates or reduces paper processes, speeding up transaction times and increasing efficiencies
Features and advantages
  1. Reduce fraud
  2. Increase performance
  3. Avoid redundancy
  4. Security
  5. Scalability
  6. Less complex
  7. More reliable
  8. Paperless process
  9. Increase satisfaction to stake holders
  10. Good transparency in transactions

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10 top Blockchain real features useful to financial projects

Blockchain is basically a shared ledger and it has many special features. Why you need it. Business transactions take place every second...

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