Blockchain Business USPs

Blockchain is regarded as an innovative technology, as it enables new possibilities and functions that differ from other technologies [1]. The following properties describe the unique selling points of Blockchain.

 

• Decentralization: The Blockchain works without a central authority and all participants are equally integrated in the network

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• Immutable data storage: Manipulation of stored data in a Blockchain is almost impossible

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• Automation: No dependence on individual actors, if everything can be automated

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• Transparency: Anyone can check the transactions in the public ledger

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• Security: The use of cryptography guarantees the encryption of sensitive data

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• Real time data: Transmission of information in real time