Blockchain Technology provides multiple advantages to businesses whether they're using a public blockchain network or opting for private or permissioned blockchain-based applications.
In USA the usage of Blockchain technology has been given utmost importance and almost every sector is inducing this technology
These are the main reasons for popularity of Blockchain Technology in Developed countries like USA
1. Trust Blockchain creates trust between different entities Involving in a Business deal
2.Decentalisation Blockchain enables sharing of data within an ecosystem of businesses where no single entity is complete ownership.
3. Improved security and privacy The security of blockchain-enabled systems is another leading benefit of this emerging technology.
4. Reduced cost Blockchain's nature also can cut costs for organizations. It creates efficiencies in processing transactions. It also reduces manual tasks such as aggregating and multiplication of huge data
5. Speed By eliminating middlemen, as well as replacing remaining manual processes in transactions, blockchain can handle transactions significantly faster than conventional methods.
6. Individual control of data Blockchain enables an unimaginable amount of individual control over one's own digital data
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