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« on: October 24, 2018, 11:21:35 AM »
Yes i agree with your opinion. Cause there is a lot of advantage using blockchain technology right now like
1. Transparency
One of the reasons why your business should use this technology is about its open source structure. It means that other users of the network can read and confirm (or unconfirm) the information. The essential thing of being open source is that it can’t save logged data without majority Blockchian network users.
2. Decentralization
Next prime blockchain reason is lack of a central data hub. Instead of running a massive data center you save your information in decentralized net, where any user can read, check and (un)autorizate any of your actions.
3. Faster transaction settlements
Blockchain technology works 24 hours a day, seven days a week, which means blockchain-based transaction process is quicker.
When you send transaction to traditional banks, it's a common thing for transactions to take days to be completely settled. This is due to protocols in bank transferring software, as well as the fact that financial institutions are only open during working/business hours, five days a week. You also have financial institutions located in various timezones all around the world, which delays processing times, but it`s not about blockchain.