Business Studies, asked by karajrandhawa7181, 1 year ago

Which blockchain to use for your startup?

Answers

Answered by Anonymous
1
1. Startups Have an Opportunity to Become an Early Adopter

Similar to the early days of the internet, the blockchain world is extremely underdeveloped. There are still many critical components of this budding ecosphere that need to be built before it is accessible to the masses. As a result, there is a prized opportunity for startups that are willing to take a chance on this fledgling technology and serve as early adopters of blockchain and bitcoin networks.

2. Startups Can Replace Antiquated Processes With Digital Systems

Many startups, even today, operate on top of legacy software and antiquated infrastructure. This drives up the cost of doing business, as pen-and-paper systems often perform inefficiently and inconsistently. Furthermore, a number of these vital processes are very manual, meaning they are subject to the all-too-common risk of human error.

3. Startups Can Secure Their Data

Cybersecurity is a growing point of concern for companies of all sizes. According to Gartner, the rising tide of cybercrime pushed information security (a subset of the larger cybersecurity space) spending to more than $86.4 billion in 2017 alone.

Hope it help u.. :)

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