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How a blockchain development company helps in business?

Here are a few examples of how the blockchain development company can help businesses:<br> <br>Stock market<br> <br>A quintessential example of blockchain application is the securities market. If a company wants to sell its shares, instead of using intermediate parties, such as a stock exchange, it sells them directly. This reduces the transaction costs, and the transfer of the shares can be done quickly.<br><br><br><br>Gaming industry<br> <br>A blockchain development company can create some blockchain-based gaming platforms that enable gamers to make money while playing. It also lets developers have the luxury of having their expenses reduced on the promotion of their games. This will pave the way for new developers to a significant number of audience with small budgets.<br><br><br><br><br><br><br><br><br>Micropayments<br> <br>The currency transfers between countries are regulated by several factors, increasing the costs. In places such as the music industry, where micropayments are the fundamentals of the business, blockchain technology makes the currency transfers much easier, which bypasses the existing financial system and actually reducing the transaction cost to nil.<br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br>Copyright protection<br><br>Blockchain is most likely the right technology for copyright protection. The information about the product is stored (such as when, where, and who has created it, who they transferred it to, and how they used it). This data will never get removed and is always available in case of any dispute. This helps the inventors, and manufacturers claim the authorship and rights of ownership.<br><br><br>Conclusion <br><br>Blockchain technology is the need of the hour. Irrespective of your business niche, implementing this technology will ensure the creation of a transparent platform.<br><br>

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How a blockchain development company helps in business?

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  1. How a blockchain development company helps in business?

  2. Blockchain is the new buzzword on the internet nowadays. With time, more number of people are becoming familiar with securing transactions with this technology. It implements cryptography for creating digital records which are almost impossible to modify or hack. Some professionals are of the view that Blockchain is “on par with technology like the internet. 

  3. But What’s the driving force behind this growth? Various factors such as the need to make business processes simple to keep pace with the speed of business, traceability, transparency and lesser costs.  So many IT companies are now rising to the call with Blockchain as a Service (BaaS) offerings. These cloud-based solutions are helping businesses implement the blockchain technology without them having to start from the bottom. One of the IT giants, Intel has developed Software Guard Extensions to maintain privacy and security in blockchain contracts, and the list goes on.

  4. Here are a few examples of how theblockchain development company can help businesses: Stock market A quintessential example of blockchain application is the securities market. If a company wants to sell its shares, instead of using intermediate parties, such as a stock exchange, it sells them directly. This reduces the transaction costs, and the transfer of the shares can be done quickly.

  5. Gaming industry A blockchain development company can create some blockchain-based gaming platforms that enable gamers to make money while playing. It also lets developers have the luxury of having their expenses reduced on the promotion of their games. This will pave the way for new developers to a significant number of audience with small budgets.

  6. Micropayments The currency transfers between countries are regulated by several factors, increasing the costs. In places such as the music industry, where micropayments are the fundamentals of the business, blockchain technology makes the currency transfers much easier, which bypasses the existing financial system and actually reducing the transaction cost to nil.

  7. Copyright protection Blockchain is most likely the right technology for copyright protection. The information about the product is stored (such as when, where, and who has created it, who they transferred it to, and how they used it). This data will never get removed and is always available in case of any dispute. This helps the inventors, and manufacturers claim the authorship and rights of ownership.

  8. Conclusion  Blockchain technology is the need of the hour. Irrespective of your business niche, implementing this technology will ensure the creation of a transparent platform.

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