Era of Blockchain: Unveiling the Benefits and Advantages

Thanks to blockchain technology that holds immense potential and transform our traditional financial system, it redefine the way we conducting transaction and give a path to have trust in digital world, if not maybe we'll still be in the same circle and no revolution at all. But blockchain offered some benefits and advantages that is far better than traditional financial system and undoubtedly many organizations that embrace it have a edge in the competitive environment and can also have improvement in their operations.
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Let just imagine a world without blockchain technology or digital world, I wonder how the financial industries will look like without trust. Because I can say since the emerge of blockchain technology the issue with vulnerabilities especially with traditional centralized system have been addressed properly. Blockchain help create a trust with data unlike before that it's very easy to breach a data on centralized entities, but the nature of blockchain eliminate the threat and fosters trust among participants and system.

How many of us would have think something like blockchain will revolutionized the world in 1990s, honestly no one. The main reason I don't like predicting the future, because no one see blockchain, but whatever, we are already in the future and blockchain is the future of finance. It era already seen brings many benefits and advantages to the participants and the world generally.

In the world where consumers are demanding for transparency, blockchain fixed that gap by providing high level of transparency and account for every transaction on the blockchain without any manipulation. Honesty, many don't know the transparency of blockchain is a solution to some problems we have been facing. Without even mention of it we all know act of fraudulent is one major threat to financial industries, but by leveraging blockchain, everything is now possible for business and individuals.

The part of intermediary is one of the major part I like about this era of blockchain. Blockchain technology remove the middleman and enable peer-to-peer market to reduce the stress with middleman, reduce delay and help to manage time that seem impossible with traditional system.

Let me just point out some other juicy things we are enjoying in blockchain era:

1. Crossborder transaction, blockchain doing it to reduce the stress individual have to go through transact international, made payments crossborder.
2. Smart contract, which allows individual to execute agreement within the blockchain.
3. Democratization, that is, individual have more control over their data which is one of the biggest joy in blockchain adoption. Unlike traditional systems that rely on third parties authorization. But blockchain distribute data across a network that is, data are not stored on a single computer. Data is share across network of node making it difficult to breach the system or hacked and stolen all data.
4. Scalability, we see blockchain technology in area where it capable of handling multiple transactions per second. Blockchain era is working on finding solution to scalability in our financial system and we are happy for this revolutionized.

I'm always happy to be part of blockchain era, undoubtedly blockchain is the future.