Using Blockchain: Proof of Identity – Blockchain for Business
Today, we’re taking a look at blockchain for business, specifically blockchain technology. How does blockchain work for business?
Proof of Identity – Blockchain for Business
Blockchain for business is valuable for entities transacting with one another. With distributed ledger technology, permitted participants can access the same information at the same time to improve efficiency, build trust and remove friction.
It’s currently used mostly for cryptocurrency but there are many other applications that would be useful to a small or medium business owner.
Since a blockchain is made up of many blocks of information that cannot be tampered with, it’s excellent for proving vital information.
Identity theft is a very real threat in the digital world, and using blockchain to prove your identity is the best way to protect your assets and security.
In addition, many people worldwide have little or no access to government-issued identification cards. Blockchain proof of identity would be invaluable to these folks.
In a similar fashion, blockchain can be used to verify new business partners—especially international suppliers you’re not likely to be able to meet in person—or to check a prospective employee’s credentials and work history.
Imagine a tamper-proof record of such information at your fingertips.
You could ditch the paper resumes and physical handshakes and rely on hard data to make your business decisions.
Besides people, blockchain for business can also verify products.
Would you like to be able to prove beyond the shadow of a doubt that you’re selling tamper-proof medication, certified organic products, sustainably-farmed foods, or authentic designer clothing (or anything else that might be counterfeited)?
Building trust has become difficult in today’s digital world, where you may not even know who most of your customers are.
Blockchain is vitally important in the fight against counterfeit products, and it can also help you build trust with your clients.
Blockchain opens the door to a much-needed digital security for today’s global business marketplace.
- Thousands of big brands are embracing Blockchain solutions. Find out how you can join the innovators who are transforming industries around the world!
- Blockchain is more than a buzzword. Discover the many ways this powerful technology can drastically improve your business!
- Take a close look at real-world examples of how Blockchain is helping entrepreneurs!
- The cost to incorporate this technology into your business is far less than you might think! Find out more on page 14!
- All within this special FREE report!
