How are Small Businesses Adopting Blockchain Technology?

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How are Small Businesses Adopting Blockchain
Technology?
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• Since its original inception in 2008 to serve
  as a public transaction ledger for Bitcoin,
  blockchain technology has come a long way.
• Individuals, businesses enterprises alike are
  jumping on board to take advantage of the
  innovative technology its incredible benefits.

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Lets Take a Quick Look at How The Blockchain
Actually Allows for Security Transparency
Improved Security

• The blockchain is inherently decentralized,
  meaning there is no central holding system.
• Instead, data is distributed to different
  computers around the world.
• The blockchain is simply too advanced, leading
  to impressive security benefits that centralized
  platforms just cannot compete with.

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Improved Transparency

• Much like leading to increased security,
  blockchain technology also leads to more
  transparency.
• The blockchain serves as an open public
  ledger, it is innately transparent, with every
  transaction publicly recorded documented.
• The blockchain technology can be applied to
  various verticals services that many businesses
  need, from cloud storage to supply chain
  management.

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Lets Take a Closer Look at Some Examples of
These Practical Uses
Distributed Cloud Storage
Smart Contracts
Payment Solutions
Supply Chain Management
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Distributed Cloud Storage

• Cloud storage will be another application that
  businesses can take advantage of.
• The blockchain to provide users with
  affordable, fast, and secure cloud storage.
• The newest era of cloud storage cloud 3.0 which
  is rooted in decentralization is currently
  revolutionizing the industry as a whole.

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Smart Contracts

• The decentralized platform that runs smart
  contracts applications that run exactly as
  programmed without any possibility of downtime.
• Smart contracts are self-automated computer
  programs that can carry out the terms of any
  contract.
• Smart contracts businesses will be able to
  bypass regulations lower the costs for a subset
  of our most common financial transactions.

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Payment Solutions

• Small businesses are often recipients of large
  amounts of cash, which can cause major problems
  from banking concerns to an increased risk of
  theft.
• Blockchain backed payment solution platforms
  offer cryptocurrency an alternative to cash
  through the option to transfer funds directly,
  securely and instantly.

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Supply Chain Management

• The blockchain-backed supply chain means that
  each transfer of hands is documented, from
  manufacture to sale.
• The benefits of a supply chain with blockchain
  include reduced fraud, improved inventory
  management, reduced delays and more.

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Are You Looking for a Blockchain App Developer?
Contact Us
https//www.consagous.com/blockchain-services/
https//www.consagous.com/
info_at_consagous.com
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