The Advantages

Reduced transaction costs

This system eliminates third-party intermediaries when carrying out transactions and exchanges.

Supply chain transparency

Blockchain can be used to track the movement of the goods’ origins, quantities and qualities which contributes to the transparency. It will offer an immutable record of all transactions.

Enhanced security

The security will be more secure than a regular record-keeping system because transactions must be agreed upon before they are recorded. This will offer an immutable record for all transactions.

Mobility of assets

Assigning cryptocurrency tokens to real-world assets will help enhance the currently lacking liquidity of such assets.

Smart contracts

The process of transactions, by automatization processes, can be sped up with smart contracts. This will save time and money for companies and every-day users that carry out transactions.

Peer-to-peer global transactions

The transfers and funds will be fast, secure and cheap worldwide.