What is blockchain technology in case of business?

Discussion in 'Computers' started by Lateralus, May 23, 2018.

  1. Lateralus
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    Lateralus BANNED

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    And is it really so necessary for all companies?
     
  2. Ringel05
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    Ringel05 Diamond Member

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    What's the problem? Upset that you can't hack it?
     
  3. Kognisjon
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    Blockchain technology was invented for cryptocurrencies the first of all but it can be used effectively for business too, in many ways it can help to make a general functioning of your company more productive and profitable. It's a distributed database, in this case the data is dispersed among various computers connected to a one network, it's smth like a special accounting journal :) And its main benefits in general are in improving:

    - supply chain management (can be used for tracking different items for example)
    - general quality of work
    - accounting (helps to avoid human errors in case of data idapgroup.com/blog/blockchain-technology-in-plain-english )
    - finding better and more profitable contracts for your company
    - stock exchange and many more

    Considering all these things, blockchain technology is one of the most popular among various tech innovations for the modern business in general.
     
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  4. John006
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    John006 Rookie

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    Blockchain innovation was developed for digital forms of money the as a matter of first importance yet it can be utilized successfully for business as well, from various perspectives it can make a general working of your organization more gainful and beneficial.
     

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