What Benefits Does Blockchain Bring to Your Business

In the age of emerging electronic money, blockchain technology is reshaping all areas of global commerce, including capital security and real-time automation of processes, that, in its turn, completely reshapes communication with customers.

Blockchain distributed ledger technology — the decentralised database managed by multiple participants makes it impossible to hack, or damage any system. A digital ledger of transactions is backed by a cryptographic signature called hash, being duplicated and distributed across the entire network of computer systems on the blockchain. Each block in the chain contains a number of transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participant’s ledger.

Moreover, healthcare, banking, manufacturing and the remittance sector are examples of the sectors that will be changed in a positive manner in the next few years. Blockchain applications, artificial intelligence along with the internet of things will continue to expand, eventually touching every aspect of our daily lives.

Establishing blockchain-based systems in your daily business operations with EWALL, you will be able to:

— Reduce transaction costs and increase speed to yield profitability,

— Automate processes,

— Reduce operational risks,

— Reduce data storage cost,

— Secure your clients’ personal information by storing on a seamless distributed ledger,

— Create secure payment systems to increase trust among your customers.