The blockchain is an amazingly fast and secure way to help small business create, verify, and process transactions without any middleman or authorized central authority. It’s basically a decentralized ledger to records all transactions chronological order. These transactions include exchange of money, property, or whatever that required authorized access. Among the various benefits, blockchain offers to small-scale business few major ones are highlighted below
Various industries have handed over the responsibility of data verification and storage to ground breaking Blockchain technology. A great thing about blockchain is its immutability that means the information will exist in same state as long as the network exists. Now this revolutionary technology in combination with Big Data is poised to better grasp understanding contextually which will help companies and individuals to take important decision to witness the new dawn of development.