Image by Pedro Lastra

Efficient Business Practices

Blockchains will increase operational efficiency, whether that is reducing cost, time, or errors. They will cut friction in business processes that stretch across organizations which require checks and balances. This will create increased visibility to a business and its ecosystem by improving auditability, compliance, and transparency. Blockchains will increase security and privacy of data when using new cryptographic techniques such as those developed by TruDoss and its patented system using a private blockchain. These could be based on new ways to collaborate with partners or increasing the liquidity of assets.