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The Main Reasons to Consider Blockchain Technology

Secure Data, Traceability

• In the case of a dispute, a court might readily access the blockchain and utilize it as evidence.
• The blockchain can record the owner of an asset. Who owns which building, which item of art, etc. Ownership is thus assured.
• A financial register can record the results. Shareholders can be sure of what transpired and the statistics are correct.
• The ability to track a product from manufacture through sale. Imagine tracing a new smartphone from its Chinese manufacturing factories to the store where it is sold. The same goes for rare commodities like caviar and Kobe beef, where we can confirm the product's freshness by accessing the manufacture date.
• Each data on the blockchain is timestamped, allowing for easier evidence of ownership, purchase, etc. We won't be able to put everything on blockchains, but what we can put on there can't be changed afterwards. A few decades from now, most essential objects should be registered on such registers, given this technology's expanding popularity.

Eliminate Intermediaries

• A direct value transaction between two parties
• Triggering a payout when specified conditions are satisfied
• Disbursing a payment when enough persons approve it

Protocol Security and Speed

A New Decentralized Digital Economy

The Applications of Blockchain in Different Sectors

• Digital currencies, and one of the most famous blockchains known to this day, are those used in the cryptocurrency.
• The digital identity is a modern technology that was invented through the Blockchain network, and it is specific to the user’s passport. By uploading the user’s passport on the Blockchain network, he can verify his identity anywhere in the world through the Blockchain network.
• Preventing the middleman and money laundering. In most traditional payment systems, the transactions do not depend only on the two parties involved, but also on the intermediary such as the bank, credit card company or payment service provider. However, this is not the case with blockchain because all the money and all the property on the network does not need an intermediary to complete the operations and the source of all the funds are known.
• A new email application based on blockchain technology.
• It presents many applications in the field of education, health and accounting.

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