Re: What is the usefulness of blockchain for a typical company?
I do not understand the usefulness of the blockchain techologies for a regular company or office. Any ideas?
One Picture Worth Ten Thousand Words
But if you prefer reading , there is one interesting research:
https://eprint.iacr.org/2017/375.pdf
To put it simple: blockchain you can manage informations in a guaranteed way. A simple example:
-You're an insurance company, you can put a contract on the blockchain. The client will put its payments and when they have to get repaid. And nothing can be missed or cheated on...
-You're an insurance company, you can put a contract on the blockchain. The client will put its payments and when they have to get repaid. And nothing can be missed or cheated on...
And with the current system what can be missed or cheated?
Would that mean every customer will have to run it's own node? Really?
-You sell any service, going through the blockchain means nothing to be proved
I think your phrase needs something to be typed
-You need informations of the client, you put everything on the blockchain and nothign can be lost
Why would a database not be able to do the same trick?
And that by doing this you basically hand over your info to everybody.
People have started treating the blockchain like the Holy Grail, but unfortunately it's not.
And the real applications are limited.
Blockchain can be adopt even in supremarkets, restaurant, school and other companies
Why would a restaurant need a blockchain?
This post answered all your question about blockchain.
Also why do company release stocks. Okay so you will be a part minority owner of a company. Can you trade it? Yes using exchanges. Some ICO give you an ownership of the company with their coins. Now imagine if you have a coin of a certain company and your friend have another one then you decided to trade. You can also use those coin to trade without the use of a third party.