WHY USE BLOCKCHAIN?
Blockchain is ruling over marketplaces and if you want faster results along with higher efficiency as compared to a traditional network, blockchain is the solution. Blockchain enables your organization to do what you already do but with a lot more added benefits.
The benefits that blockchain offers are:
Benefits of blockchain
What needs to change: Operations often waste effort on duplicate record keeping and third-party validations. Record-keeping systems can be vulnerable to fraud and cyberattacks. Limited transparency can slow data verification. And with the arrival of IoT, transaction volumes have exploded. All of this slows business, drains the bottom line — and means we need a better way. Enter blockchain.
With blockchain, as a member of a members-only network, you can rest assured that you are receiving accurate and timely data, and that your confidential blockchain records will be shared only with network members to whom you have specifically granted access.
Consensus on data accuracy is required from all network members, and all validated transactions are immutable because they are recorded permanently. No one, not even a system administrator, can delete a transaction.
With a distributed ledger that is shared among members of a network, time-wasting record reconciliations are eliminated. And to speed transactions, a set of rules — called a smart contract — can be stored on the blockchain and executed automatically.
Blockchain for industries
The Industry leaders ZTL are using Blockchain to remove friction, build trust and unlock new value. Select your segment to see how.
Media and advertising
Oil and gas
Travel and transportation (PDF, 340 KB)