The blockchain technology is a new revolution in the business sector. In the beginning, this technology was developed for the term of Bitcoin. The clear coin is known as virtual or digital currency. The term of blockchain technology has been developed by Satoshi Nakamoto in 2009.The technology of blockchain gave a new direction to the business industry. They mostly prefer to do marketing in their business. Really, the technology of blockchain is highly affecting the business industry. In this massive article, we will discuss the various effects of this technology on the industry of business.
Top 4 applications of this technology to a business: There is a better way that playing an important role to run your business from day to day. It top applications have been explained below:
- Cloud storage
This is the main application of this technology and this application has made this blockchain technology more popular among businessmen. This technology is more powerful to store huge among of date for long period of time.
- Smart contacts
This is useful make better contacts and there will be no need of the third party to make payment. Due to this technology a businessman can easily contact their client and get information about their past customers from stored previous records.
- Electronic voting
The technology of blockchain technology completely based on the internet technology so that this is fast and secure to data recording and sharing. This is more useful to save time as well as improve the reputation of the company in the market.
- Supply chain management
It has another application that is supply chain management. This process is used digital currency for marketing so that the process of marketing becomes easy. The clear coin used as currency for making any deal in both parties.