Re-defining the new age of Technology — Blockchain
Although blockchain has the potential to benefit every industry, there are certain misconceptions about the technology that may prevent businesses from adopting it.
To highlight a few:
- Blockchain, cryptocurrency, and digital assets are the same thing.
- Blockchain is a cloud-based database
- All data put on a Blockchain is Public
- The primary applications and benefits are limited to the financial sector
Here is why you should re-think blockchain!!
1. Blockchain manages trust and scalability:
- Enhanced security
- Greater transparency
- Instant traceability
- Increased efficiency and speed
- Automation
2. Governments of the world’s biggest economies like UAE, Estonia, United States, Chile, and many more have incorporated blockchain for security and better efficiency.
3. The overall applications of blockchain scales across various sectors. Chainsense has already developed over 58 POCs of these applications on Blockchain. Some of them are covered in the image.
Blockchain is still in its early stages and yet has penetrated the global tech landscape like wildfire. Being a Web3 enabler, Chainsense is spearheading the space with its strong RnD division and building future ready protocols today.
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