Bring innovation and new models: Blockchain allows businesses to create new solutions and opportunities with smart contracts, tokens, and decentralized applications
Blockchain is a technology that allows businesses to create new solutions and opportunities with smart contracts, tokens, and decentralized applications. Blockchain can bring innovation and new models in various domains where trust is essential for efficient and secure operations. For example, in finance, smart contracts can enable peer-to-peer lending, insurance claims, derivatives trading, and asset tokenization, among others. Smart contracts can reduce transaction costs, risks, and delays associated with intermediaries and manual processes. They can also increase transparency and compliance by providing a clear record of transactions and obligations.