Blockchain Technology provides multiple advantages to businesses whether they're using a public blockchain network or opting for private or permissioned blockchain-based applications.
4. Reduced cost Blockchain's nature also can cut costs for organizations. It creates efficiencies in processing transactions. It also reduces manual tasks such as aggregating and amending data which indeed cuts out the cost
6. Visibility and traceability Walmart's use of blockchain isn't just about speed; it's also about the ability to trace the origin of those mangoes and other products. This allows retailers like Walmart to better manage inventory
7. Immutability Immutability simply means that transactions, once recorded on the blockchain, can't be changed or deleted. On the blockchain, all transactions are timestamped and date-stamped