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Efficiency
As transactions are completed directly
between the relevant parties with no
intermediary and with digitized
information, settling the transaction can
be quickAuditability
Each transaction is recorded sequentially
and indefinitely, it provides an indelible
audit trail for the life of an asset even
between parties
Transparency
By providing details of transactions against the
commercial construct, further trust can be
enlisted within the process and so provide a
more stable relationship based on
transparency rather than negotiation
Security
Each transaction is verified within the network
using independently verified complex
cryptography, the authenticity of the
information can be assured
BLOCKCHAIN TECHNOLOGY
Blockchain is as significant now as the Internet was 25 years ago
Traceablity
Tracking goods forwards in a supply
chain can be advantageous when
seeking to trace where components are
currently residing
WHAT IS BLOCKCHAIN?
Blockchain is a secure distributed
electronic ledger, connecting multiple
parties in a network of trust and
integrity, facilitating the transfer of
assets and the information pertaining
to those assets.