Chapter 5 – Benefits of Blockchain Technology

The promise of blockchain technology saw all of the world's contracts and agreements digitized into code and stored in public, transparent databases that are safe from being deleted, tampered with, or revised. The future will see every kind of agreement, business process, online task, funds payment, and transactions with a single digital record that can be identified and validated. As the technology continues to expand, we'll see middlemen, like lawyers, stock exchange brokers, and banks, saving billions, if not trillions of dollars every year.

Blockchain technology is ideally suited to revolutionizing the way many industries do business. Here are just some of the ways that blockchain technology will accomplish this.