Blockchains on business

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Blockchains on business by Mind Map: Blockchains  on business

1. Transform how businesses operate.

2. Blockchain and other DLTs will provide a decentralized method for recording and carrying out transactions.

3. benefits that are focus on communication, efficiency, security and transparency

4. Benefits like

5. Reducing fraud

6. Lowering operational costs

7. Safety and security of transactions

8. Optimizing many manufacturing operations

9. Better managing data inside and outside companies

10. BLOCKCHAIN

11. What is it?

12. Is a decentralized database that stores a registry of assets and transactions across a peer-to-peer network,

13. A public registry of who owns what and who transacts what

14. Those transactions are secured through cryptography

15. Over time that transaction history gets locked in blocks of data that are then cryptographically linked together and secured.