BLOCKCHAIN SECRETS
blockchain technology. This decrease in percentage has resulted in the group being able to free up $100 million in pre-confirmed capital for other purposes.
• Bookkeeping The bookkeeping industry has greatly benefited from blockchain technology. Every transaction that takes place in the economy today is registered internally in the private records of individual market participants. Blockchain technology takes place when accounting expands past the borders of the network.
Adding Value to Your Business There are numerous ways that blockchain technology can add value to a business. One way is by building a network for your business. Dr. Michael Yuan, the Chief Scientist of CyberMiles notes how blockchain can provide value to startups and companies. His theory is that the key benefit of blockchains will deliver the ability to construct a network for all kinds of businesses. What his theory states are that rather than competing against each other, companies can collaborate and build a system with each business industry having its own chain.
Another way that blockchain technology can add value to a business is by banking the unbanked. It might be hard to believe, 29
