The Role of Blockchain Technology in Modern Businesses

IMPROVED SECURITY

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[{"selector":"#anim-fdd97c10-ede0-463f-a4b1-2a1dd95f46e0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-f288d942-bb3e-4507-a5d1-d25879bc7922","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b2bf821a-3f76-47b8-9cbd-585bb58c9768","keyframes":{"transform":["translate3d(118.66668%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e68379b1-2663-46e2-8fe5-21de1d2430d6","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f984ad96-c850-407a-8518-56562a7f4ef9","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Blockchain provides a secure and transparent way of recording transactions which increases security.

GREATER EFFICIENCY

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[{"selector":"#anim-e5701532-e7f8-416b-8302-0eb0a8413897 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-230dc4b2-63e8-4c74-bb59-cfb6926b904b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d860faae-2af7-40fb-8d61-73bf145b50be","keyframes":{"transform":["translate3d(118.66668%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-afee4e99-797a-439f-8eec-6236ddbe0ba1","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-de69c9fa-43f5-4a80-bf6e-aa1cde65120b","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Through the elimination of intermediaries, blockchain technology is capable of optimizing processes and decreasing the costs associated with transactions.

BETTER SUPPLY CHAIN MANAGEMENT

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[{"selector":"#anim-f169faae-485a-46a6-8281-6cefaae8c7b2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(25.029296420080684%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-26cc111c-0b93-4e5e-b593-948d224cf6ba","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-06f55a5b-8ca3-44c6-8d0a-79b57d08942e","keyframes":{"transform":["translate3d(118.66668%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e0276ddd-6c36-43ae-bd95-004ddc4e0ef8","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-08b7f98d-dfc4-4878-91a1-27904b9a1c44","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Blockchain technology can be used to improve transparency and traceability in supply chains.

INCREASED TRUST

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[{"selector":"#anim-03926192-1239-4a1f-b691-e9ee3cd20461 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(26.706080088330076%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1274a78f-ac32-4deb-aebc-b899e838a30e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0d678f63-9263-475f-afae-8b031330154d","keyframes":{"transform":["translate3d(118.66668%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e7600f85-b33c-4ef4-af4f-ba6619c714b9","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a67773fe-b696-4d1d-885c-9c6ff2300a40","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Blockchain creates a tamper-proof and transparent record of transactions, which increases trust between parties.

NEW BUSINESS MODELS

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[{"selector":"#anim-6ef3335c-9278-4e29-a3c4-8e3eafc8514f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(14.467010289653254%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-15701643-79ae-474f-8475-a673775aba9b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3a1ea60a-077b-4a55-847b-25a32f38e2e8","keyframes":{"transform":["translate3d(118.66668%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e7376e1e-8f87-45c3-9f7a-62657dd4d07a","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a860fd68-29f1-4968-9e3a-cbd28b96a3f9","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Blockchain technology is enabling new business models such as decentralized finance and tokenization.

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