These are the 5 advantages of a blockchain technology.
Blockchain is one of the most sought-after Fintechs with students quickly diverting into this area due to the increase in demand in the technological world. Blockchain Technology is the decentralized, distributed ledger that stores the record of ownership of digital assets. It is the way of recording information to make it difficult or impossible to change hack or cheat.
Companies are facing difficulties when it comes to transparency, due to the inability to apply any changes behind the scene, the CEO is already finding it difficult to cheat employees when it comes to making decisions, and blockchain allows democratic settings.
The greatest feature of blockchain is transparency and is based on decentralization.
Apart from the above statement, it also helps in accountability and using it to reduce corruption levels. Government can also utilize transparency in building government processes or even conducting voting