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How Blockchain is Offering Reliance & Security to Startups?

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Pallavi Yadav
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If you are planning to start up your own business or invest in one, then are you aware of the challenges associated with it…. Actually the biggest risk factors for the startups today is that there is no guarantee if they’ll succeed or not and a helping hand is always required by them. If we talk about the latest technologies that can bring extreme transformation in the world then Blockchain comes first to our mind. But, why Blockchain is getting all the attention? Let’s discuss it in detail.

Initially, blockchain technology came into recognition with the concept of virtual currencies, like Bitcoin, Ethereum and more. People know that it is very safe and secure and even game-changing. So, how does blockchain brings confidence exactly when it’s required… Actually it balances the transactions that affect a particular account. This technology allows saving the details in a blockchain ledger, which is unalterable and transparent. This implies that data or information in the ledger couldn’t be touched or modified by anyone except the owner.

Now, for startups with IT issues, security is the most crucial thing and this need can be effectively satisfied by the blockchain technology. This method is easy to use and requires very low maintenance cost. By running blockchain on IBM LinuxONE cloud platform one can enjoy even more benefits like massive vertical scalability.

Doesn’t matter if a startup is something like a financial institution, manufacturing provenance or supply chain, blockchain can fit in all. It won’t be wrong to say that blockchain has truly opened an entirely new world of opportunities. We can expect this technology to be at the centre and in front of the digital industry.

After reading this it is easier to make out that startups need this advanced technology for adding security and trust factor. So, if you are one of such entrepreneurs, why don’t you dig a little deeper and find how Blockchain can help you. For guidance, you can even call the experts at Elite IT Services.

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