How Blockchain Affects Small Business

By July 15, 2019 August 8th, 2019 Blog
How Blockchain Affects Small Business

A blockchain is a chain of blocks containing a cryptographic hash of the previous block, a timestamp, and transaction data.

Mostly used in cryptocurrency like Bitcoin, blockchain is also emerging into the world of data transfer, allowing sensitive data to be transferred safely.

With benefits like improved security in transfer of digital media, the removal of middlemen in transactions, and improved settlement time, blockchain is simplifying and speeding up the transfer of data and payments.

With these blockchain advantages, small businesses can reap the rewards of more seamless and quick payment collections, as well as data transfers of sensitive business data.

As blockchain becomes more mainstream and regulated, not only technologists and crypto traders but small businesses will benefit from integrating blockchain into business operations.

Contact IntelliSyn today to learn more about secure, seamless data transfer options for your business.