Tech Talk: Blockchain - Why is the use of blockchain technology exciting for businesses?
14 Jun 2023
- An exploration into how smart contracts can be utilized to automate and execute contracts for businesses, hire new employees, secure clients, merge and acquire, and a plethora of other activities.
- Using smart contracts to reduce the margin of error and oversight required, and increasing transparency, faster negotiations, and automated transactions.
- Delving into the benefits a decentralised solution in long-term management, produces for smaller businesses, developers or those who have developed more apps than they can manage, of not needing to be involved in the day-to-day activities of managing their app. This allows businesses to focus on other aspects of their operations, such as their customer support team.
- Looking into how a blockchain payroll can standardize and secure the way employees and workers are paid.
- Exploring how blockchain can be used to improve logistics and freight tracking, which is important for both customers and businesses.
- Diving into how blockchain can increase transparency, traceability, and secure solutions in more security-driven applications, such as healthcare and finance.