Why does business need blockchain?
👥The opportunities that blockchain provides are important for any large business, as well as for public sector. Since the very appearance of the technology, it has become clear that in the future it will form an economy of mutual trust, allowing companies and ordinary people to carry out financial transactions without intermediaries and in a matter of seconds. Besides, it will exclude any possibilities for falsifying elections and referendums, will give users the right to manage their “digital footprint” on the Internet, will help content creators receive decent remuneration for their works. Furthermore, it will negate piracy and open up limitless opportunities for the development of new types of business.
⛓️While cryptocurrencies are best developing on the basis of blockchain, nevertheless, the interest of customers is gradually shifting from the theoretical plane to the practical one, and many large companies are implementing a distributed registry to automate key business processes: document management, logistics, voting, financial transactions, loyalty programs, accounting for users and customers, collecting investments, issuing digital shares, etc. other.
⚙️The technology is designed to provide a so-called trusted environment where each participant and its operations are verified by several independent network nodes. In such an environment, contractors united by one end-to-end business process can quickly transfer data, documents, valuables, and conduct mutual settlements without worrying about the formalities that smart contracts take on — contracts between participants set out in the program code. Thus, employees of companies get rid of redundant communications, the time of their interaction is reduced, the need for face-to-face meetings often disappears.
An excellent example is the blockchain platform of the Federal Tax Service. The platform has brought together three regulators and more than 70 banks with the help of a blockchain network to issue subsidies to small and medium-sized businesses.
đź”—Blockchain can take the process of managing companies and their capital to a new level thanks to the speed of decision-making. Solutions in the field of remote electronic signature in combination with distributed registries allow you to transfer the management of the company in real time, since corporate procedures, meetings of the board of directors, shareholders, and other participants may not stretch for weeks and months.
đź’¸Today, you can tokenize your business in a few minutes on the DecimalChain blockchain. Just create your token and define the architecture of its movement in connection with the tasks that it is designed to solve for your business.
