Find the Advantages of Blockchain for Your Business | by Faiz Azhar | The Capital | Feb, 2025
Blockchain technology is changing how businesses work. It offers a safe and clear way to make transactions. Companies can create a reliable network where everyone sees the same information, cutting the middleman and sharing deals.
This platform transacts in real time. It can save businesses a lot, especially those who make big, frequent transactions.
Recent statistics suggest that blockchain transactions can reduce the cost by up to 30%. It also helps protect patients’ data in health care and reduces data violations by up to 50%. The global blockchain market will rise from $ 3 billion in 2020 to $ 69 billion in 2027, which is increasing at 67.3 percent annually.
Blockchain brings better security, cleaning, and quick tracking. This is a great choice for businesses that want to work smartly and save money. It helps reduce paperwork and makes the process smooth.
About 60% of the leaders believe that the blockchain will shake its field in the next five years. And 45% of companies using blockchain say it makes their supply more open.
- Blockchain technology can reduce the cost of transactions by up to 30%.
