Why & When Abbacus chooses Blockchain as
right technology for the development
Blockchain: Future Proof
The demand for Blockchain Technology is increasing because of its simplified business processes & tech benefits. Today, customers want decentralized and trustable systems and Blockchain fits the need perfectly. The technological block chain trend is increasing day-by-day.
Blockchain: Improved security & Privacy
It is nearly impossible to hack due to end-to-end encryption. The data stored across a network of computers makes it secure. Blockchain creates an unauthorized record of transactions. It’s privacy concerns are better than traditional computer systems. It anonymizes the data and needs permissions to limit access.
The greatest characteristic of Blockchain is the fact that its transaction ledger for public addresses is open to viewing. Blockchain allows all network participants to share the same documentation as opposed to individual copies. This feature enables trust and also builds brand value.