Topic: Blockchain and trust - page 2. (Read 371 times)
No doubt Blockchain can benefit business in every sector & increase trust between two parties with transparency without any fraud. For example, if you have a business of selling goods to your clients (resellers) you both can sign a smart contract that once the material is delivered from origin to destination the pay is automatically transferred to you. Indeed for it, you have to opt blockchain for your business & all the movement of goods will be recorded on the blockchain. You don't have to wait for your payment nor your client can deny that they haven't received the goods because everything will be recorded on blockchain which is immune to fraud.
How can blockchain reduce business risks and increase trust
Everything is absolutely going to ball down on transparency since that is actually what the idea of blockchain brings anyway and as long as there is accountability and transparency, then there is going to be trust. With trusts, we end up seeing more investors in the arena, as people tend to assume there would be less risk in their investment even though no one can foresee the future of any. Blockchain is just a new method of distributed data maintaining method which completely eliminates the chances for an individual to change anything. Based on these facts we can expect more businesses to be build on blockchain technology in coming years. 
As i know blockchain technology offer transparancy and fair system, because this technology avoid third party so every transaction only make between sender and receiver.
Since it is more of a ledger with everything online, then every investor can easily get to do their own auditing, ask any questions and that apparently leads to high level of transparency and with that available, it makes the whole idea of investing in a project to come with some level of trust as long as you are confident you are leaving your funds in the hands of those who will work hard to make it work.That of course, brings about lesser risk, which is more like the more the trust, the less you worry about risk, even though all businesses still come with risks one way or the other.
as proofs of appeals has with the chance on option with users to work on decision as expending risks on exchange, and moves on focus with works on objectives as examining use with returns of following release of reference as helps with decision on closing to gains with the numbers of returns to collects with the finest on spares exchange as following use of beginning preset of strategy with the chance of attains with the timelines.
How can blockchain reduce business risks and increase trust
Business risks are given but what's good with blockchain you might love to read these;https://www.businessnewsdaily.com/10414-blockchain-business-uses.html
https://execed.economist.com/blog/industry-trends/5-applications-blockchain-your-business
The only financial system that is built on trust and I think that largely because of this it is popular
One of the main advantages of the blockchain is in the creation of a trustless ecosystem that is automated.Everything is placed on a public ledger and can be verified by each party involved.So YES, the blockchain creates the foundation of trust for businesses.
you can see how the speed system for transacting is great. speed system is the icon or the benefits of blockchain. you can feel when you send a coin, and you will receive the coin with just a matter of minutes with a very large number of coins. not only that, you can also track a transaction whether the transaction is up or not yet. here all are transparent and efficient. in the presence of blockchain, sending money does not require permission or approval from the government or the bank. because blockchain is not tied to them, so you can transact anytime and anywhere.
blockchain can definitely boost confidence. the question is that they will keep all their promises. you can intelligently and well to paint everything and then just to deceive everyone.
How can blockchain reduce business risks and increase trust
With blockchain smart contract, a company can experience much more transparency in the records of money transaction. With that it can increase the trust of the company as well for the investors because they can just search the address and they will see complete transaction made by that address. 
I think by using the shared ledger components. Because the Blockchain system will record all transactions that occur within its business network. Any transaction that occurs will be recorded by adding a hash of the previous transaction. The transaction will be distributed and replicated to members of its business network and only members granted access permission will be able to view/access the relevant transaction.
How can blockchain reduce business risks and increase trust
The whole point of the (bitcoin) blockchain is to be trustless, i.e it does not require you to trust the other party.
blockchain has a transparent system in the transaction. In addition, blockchain also has a security system that is no doubt. that's why many believe using blockchain and began to appear many projects with the blockchain system.
blockchain use distributed ledger system same like excel which is uneditable so we can see more transparency in the organization why because data can't be edited or manipulated
Blockchain technology is gaining popularity and acceptance because of the advantages associated with it. Transparency is a big problem in businesses....... This will be solved with blockchain technology using its smart contract technology.
Blockchain technology offers to business the transparent system for all processes. So companies can save money and improve services quality by recording all data in blockchain and then analyzing all weaknesses and fixing them.
Also we must take into the count smart-contracts. I believe that in nearer future we will see simple solutions for integration them in corporation and small business processes.
Also we must take into the count smart-contracts. I believe that in nearer future we will see simple solutions for integration them in corporation and small business processes.
I trust the block system system because I have examples of famous people who are diligently using it and knowingly they do it.
I trust bitcoin I have never had such a thing that my purse was to be hacked or just somehow attempted, everything is fine.
Trust is there but when my wallet can look anyone who fancies it a little annoying, it's my personal account why everyone can look
Trust is because the system is transparent and you can even see even the conclusions from other wallets and this is good, because that's how confidence develops.
Jump to: