How blockchain technology brings to business

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1 year ago

The main advantage is the decentralization that blockchain technology offers us, by this I mean that the company will get more customers around the world, because it can simply accept only Bitcoin payments.

It can even accept peer-to-peer payments, meaning that when the company incorporates this into corporate finance, then there can be more customer volume and the company will have a wider customer base.

When this happens the control of the company is totally decentralized, it can be dangerous, it is our duty to make a previous investigation about this guys.

The benefits of blockchain technology are very broad and since its inception have brought much value to the world, not only in finance, but also in labor and government.

This technology can also be a bit dangerous; every day there are scams, robberies, among other things.

That's why whenever I can I recommend to investigate very well about this. One of the main advantages of this technology is the security in the transactions, with this technology we can simply make payments in a safe way, but there is a very common type and used by cybercriminals, this is called "Phishing", also this can be very delicate, if we want to do these practices we have to do very good research because everything in the blockchain can be seen by a third party, I want to mention that scams and cybercrimes do not always go as expected.

One thing that Blockchain technology has provided is anonymous transactions, peer-to-peer transactions have resulted in companies being able to trade anonymously, with no intent to offend, no intent to judge, but they can do shady business with these types of transactions.

But also this technology is much more secure in its transactions and much faster to process than bank transactions, in some cases.

One of the things that I love about this Blockchain technology is that we can create smart contracts for our company and get on board of the Blockchain technology and profit a lot with this technology, I think that if we know how to use it perfectly then we can take advantage of it, because I simply think that this is the future.

Blockchain technology has also brought a lot for governments, this means that it can be a reason for some Dapps to be centralized.

If Blockchain technology brings benefits to governments then this can be very attractive for Bitcoin, because it is simply the cryptocurrency with the largest market capitalization and if there is a lot of demand and a lot of trading of this cryptocurrency, also if this cryptocurrency is placed in “staking” it can go up a lot in value with the other altcoins.

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From the desk of Carlos Mendoza, all rights reserved. ©

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