Blockchain Could Change The Way Of Doing Business
Since, the inception of bitcoin, cryptocurrency has its own ups and downs. However, more recently, Blockchain has turned out to be the most discussed buzzwords, not only in the payment industry but also across multiple industries. Moreover, a certain group of industries strongly believe that Blockchain could eventually be more significant when compared to the internet.
Blockchain Applications That Could Help Your Small Business
1. Finance
One of the most well-known applications of Blockchain is to send and receive payments, ever since the inception of Blockchain technology in the world of cryptocurrency.
By the usage of this inevitable technology, you are able to transfer the funds instantly, directly and securely to anybody in the world at the most reasonable transaction fees.
2. Smart Contracts
Smart Contracts, one of the coolest business applications of Blockchain technology. American Banker states that this revolutionary technology could ensure that both sides of the contract are fulfilled. Cheers to the computer code, all the transactions could be monitored, recorded and well-maintained in the public ledger. It's a perfect way to ensure precise business dealings.
3. Intellectual Property
Internet is the best place to share your ideas, innovations, and creations. Alike, it even makes somebody easier to steal your ideas.
Blockchain technology can be used here to prove your ownership over a piece of intellectual property and make sure that you are properly credited. The usage of this technology can reduce the way others benefit from your creativity.
4. Cryptographic Signatures
The usage of Blockchain technology in cryptographic signatures takes this to the next level. As cryptography involved, it can usually work for sending and receiving shipments, handling shift changes, and many other supply-chain-related and business-related transactions.
5. Coupons and Other Promotions
Blockchain technology plays a crucial role in tracking coupons and other promotions you are dealing with. If you are using Blockchain technology, usually, the information can’t be duplicated and re-used. With the help of Blockchain, you can authenticate the coupons and promo codes to ensure that your customers are using them.
BlockC60 Events is conducting an event named World Blockchain Opportunities Summit dated 6 Feb’18 in Hyderabad, India, which is intended to create a platform for Industry Experts and Technology Pioneers across the globe to share their knowledge, and insights on Blockchain, Crypto Currencies, Smart Contracts and DApps.