Why Blockchain Technology is Revolutionizing Trade - PowerPoint PPT Presentation

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Why Blockchain Technology is Revolutionizing Trade

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Blockchain is a technology that captures high-quality information for recognizing each and every entity that you do business with for meeting the compliance regulations and get benefit from the transparent blockchain – PowerPoint PPT presentation

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Title: Why Blockchain Technology is Revolutionizing Trade


1
Why Blockchain Technology is Revolutionizing Trade
2
Introduction
  • Being a blockchain technology which continues to
    make headlines and trend where the technology can
    be beneficial, particularly in the trade finance.
  • Introduction of IT solutions is that it turns out
    to be a solution when solving the issues and
    making the things simpler.

3
Trade Finance Is Beneficial for the
Blockchain
  • Distributed and the encrypted database doesnt
    enable changes in the data when its written
    until consent is achieved against it.
  • It minimizes the possibility of security breaches
    by the administrators. This makes the blockchain
    invaluable for the firms who are looking to
    accomplish a secured system.

4
Faster Payments
  • The blockchain transactions can reduce the time
    of transactions to minutes.
  • These are processed throughout the day. An
    immediate settlement transforms and industry,
    like energy and transportation, saving billions

5
Trustworthy System
  • The data structure which is built by utilizing
    blockchain enables the users to create and verify
    the transaction with the involvement of the
    third-party.
  • This minimizes the risk transactions done at the
    backdoor and not authorized intervention

6
Conclusion
  • Blockchain is a technology that captures
    high-quality information for recognizing each and
    every entity that you do business with for
    meeting the compliance regulations and get
    benefit from the transparent blockchain.

7
Thank You
  • Fore more info, visit https//bitex.global/
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