How CREDITS can be useful to businesses in various industries?
It’s almost surreal to think that, back in 2011, Bitcoins traded for $1 each. Recently one Bitcoin was worth a whopping $16,000. As an entrepreneur, you may not be interested in purchasing Bitcoins or any other cryptocurrency as a form of investment. But you have to appreciate the underlying technology that makes Bitcoin possible - the blockchain.
In layman’s terms, the blockchain is a virtual, public ledger that records everything in a secure and transparent manner. Unlike banks that facilitate transactions with traditional currencies, the blockchain allows the free transfer of cryptocurreny through a decentralized environment. All the data is then held in an interlinked network of computers, owned and run by none other than the users themselves.
To some people, the blockchain technology is a lot more promising than the cryptocurrency it was designed to support. Sure, the demand for Bitcoin is colossal at this point in time. But since it’s basically backed by nothing but sentiment, it’s reasonable to believe that the Bitcoin bubble may eventually pop-- however unlikely that may be. The benefits of blockchain, however, are more than big enough to sustain its relevance for generations to come. Without further ado, here are the most important benefits of blockchain that may prove to be useful to businesses in different industries.
Today, blockchain solutions like CREDITS offer autonomous smart contracts paired with its own internal cryptocurrency. By consolidating everything into a single platform, businesses can integrate services without disclosing an excessive amount of proprietary information to third parties.