What is blockchain technology in case of business?

[Lateralus]

And is it really so necessary for all companies?

 

[Ringel05]

And is it really so necessary for all companies?

What's the problem? Upset that you can't hack it?

 

[Kognisjon]

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.

 

[John006]

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.