Immutability – transactions, once recorded on blockchain, can’t be changed or deleted. As all transactions are time stamped & date-stamped for permanent record
Traceability – blockchain isn’t just about speed; it’s also about the ability to trace the origin of those of the documents and products
Speed – eliminate paper & excel based systems from the business process. Streamline documentation with blockchain
Automation – Transactions can even be automated with “smart contracts,” which increase your efficiency and speed the process even further.
Transparency – in peer-to-peer network, all the participants can see the same information at the same time, providing convenient and trustworthy
Security – Information is stored across a network of devices rather than a single server, making it difficult for hackers to view and hack data