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How can business benefits from using the blockchain_

At BlockchainX tech, we help startups, medium-sized enterprises, and large-sized businesses by providing end-to-end blockchain development services such as token creation, token sale distribution, landing page design, whitepaper writing, and smart contract creation. As your business idea is unique your cryptocurrency launch process will also be one of a kind. Our blockchain experts help you analyze your concept to make sure that your idea is effective enough to motivate people for funding.

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How can business benefits from using the blockchain_

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  1. How can business benefits from using the blockchain?

  2. Blockchain Technology: According to a Deloitte survey last year, blockchain technology is expected to become a key sector in many industries this year. Thirty-six percent of survey participants said that Blockchainx has the potential to improve system operation, either by reducing costs or increasing speed, and 37% cite blockchain superior security as a major advantage. The remaining 24% said that blockchain has the potential to enable new business models and revenue streams.

  3. Smart Contract Blockchain Distributed Ledger enables automatic execution of business contracts. First, the peer-to-peer database collects all the terms of the Smart contract between the organization and the customer, then uses data pulled from distributed nodes or servers to determine whether these terms are met and authorize the payment. Similarly, blockchain-based smart contracts can be used to execute automatic payments between financial institutions.

  4. Eliminate corporate transaction fees Most payment systems are managed by financial institutions such as banks. Fees are usually charged when money is transferred between businesses, especially small businesses. Large corporations have always enjoyed an edge in the global market. Capital to absorb remittance fees (or capital to lower fees), more effective intellectual property protection, and many other benefits that come with a wealth of capital and influence.

  5. Patient Data Sharing Guarantees Payment While Electronic Medical Records (EHRs) have contributed to some degree of centralization of patient data, since EHR platforms are not standardized, it is quite difficult to share this sensitive information with various healthcare providers, including specialists. Healthcare organizations can use a secure, encrypted and decentralized blockchain ledger to pre-authorize sharing of patient information. Last year, the US MIT Media Lab and Beth Israel Deaconess Medical Center tested a proof-of-concept for sharing information about patient medication through a blockchain ledger called MedRec. MedRec is based on the Ethereum blockchain platform for smart contracts.

  6. Selling Energy via Microgrid Residents of Brooklyn's Park Slope area can now sell the energy produced by roof solar panels via a microgrid based on a blockchain ledger that records all transactions with local power plants.Built by the Siemens Digital Grid Division, the microgrid includes a network control system, converters, lithium-ion battery storage and smart electrical meters. Even if there is a power outage due to another hurricane like Sandy in 2012, the residents of the microgrid can still use electricity by switching to a spare battery.

  7. COMPANY BLOCKCHAINX WEBSITE https://www.blockchainx.tech/token-migration E-MAIL contact@blockchainx.tech THANK YOU

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