Benefits of Blockchain Technology



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What are the benefits of blockchain technology?
1) Facilitating better tracking of orders and assets
2) Reducing errors in payment processing and auditing
3) Fair and equal access since there’s no central authority to limit participation in decentralized ecosystems
4) Increased transparency and better anonymity of transactions to reduce, fraud and identity theft
5) Giving people greater control of their assets by eliminating third party risk
6) Greater user empowerment and ability to monitor all activities concerning transactions
7) Enhanced security and better reliability due to the attack-resistant qualities of the cryptographic system
8) The growth of trustless exchanges and faster value transfers
9) Low cost cross-border transactions
10) Enabling decentralized applications for better information management

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Cryptocurrencies
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