Since the introduction of Bitcoin in 2009, the world has changed the way it looks at Fiat currencies and digital security. People were excited that digital currency could be transferred anywhere in the world without the exorbitant banking fees and long hours.
However, the technology proved to be very diverse and found its way into other uses. In 2020, there are many businesses that use blockchain, and we do not have time to explain them all in a single short article. But we will do our best to give you examples of possible ways in which blockchain can help you.
More Security
Hackers rarely sleep. That was a statement Sony forgot in 2011. It is not clear whether they are using blockchain now, but many other companies have begun to implement it with better results.
The encryption technology used by blockchain requires transactions and other processes through multiple nodes connected to the blockchain for authentication. In this way, if a hacker tries to do something malicious, multiple nodes will gradually realize that they are at risk of fraud and the transaction will be stopped.
More Payment Methods
People often think that blockchain is only for cryptocurrencies. That's not right, at least not anymore. Banks around the world have begun to implement this technology to reduce transaction time and reduce processing fees.
Moreover, blockchain-enabled businesses can use this technology to offer users multiple payment methods with endless currency options. Bet Construct is a non-banking company that has proven the effectiveness of this method, offering more than 400 payment methods.
AI Integration
With Blockchain, you can set up a network of trusted chat bots that can help your customers.
With the help of Blockchain, these AI bots can easily communicate with each other and learn from each other based on how users respond, how they rate their satisfaction in chat, and how customer support agents respond to users once the chat bot is sent. Way.
No Staff Required
Small companies often do not have the time or resources to double-check the information on a CV. But you do not need it with the help of blockchain.
There are still a lot of job seekers who are ungrateful for their resume. The blockchain can process all data into a bio data and send verified information to see if it is legitimate.
This not only saves you time, but also hires the right person for your future projects. We all know what it means to have the right person if you want your company to succeed.
Improve Your Marketing Campaigns
You know about common marketing techniques like social media, video ads, billboards, SEO, SEM and more. Look, you don't need a blockchain to implement those strategies.
However, marketers can use blockchain to keep track of client information and customer behavior. With this data, skilled marketers can create effective campaigns that bring in more ROI. You can also use blockchain to track changes made to your campaigns. If only David Ogilvy had this technology, who would have known what a craft he is.
Blockchain has revolutionized businesses around the world in the same way that it has revolutionized the way people see money.
Implementing this technology for your business will give you long-term benefits for a small investment considering everything you get.
Thank you for reading
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