Blockchain is transforming the way work is performed. We at Novstrid are helping you to drive growth of your business and creating avenues that never existed before. In today’s world blockchain is set to revolutionize tech that helps bring down security risks, eradicate fraud and adopt transparency in a scalable manner.
Data is crucial, and blockchain can help safeguard your data and records from fraudulent & unauthorized activities. Through blockchain, all Information is scattered across a network of computers which makes it difficult for hackers to steal the data.
With blockchain interference, all the stakeholders can view the same data at the same time thus increasing transparency and eliminating fraud. All transactions are duly updated and time-stamped, leaving no space for alteration.
All the tasks related to any process can be easily automated to increase efficiency and speed resulting in fewer human interventions.
Conventional work methods are time-consuming, but with the advent of blockchain, all transactions can be completed in no time with more efficiency.
Decentralised technology gives you the power to store your assets in a network without the oversight and control of a single person organisation or entity. Blockchain technology proves to be a really effective tool for decentralising the web which could be nothing short of revolution in the world of internet.
Every node on the network has a copy of the digital ledger. To add a transaction every rows needs to check its validity. If the majority thinks it’s valid, then it’s added to the ledger. This promotes transparency and makes it corruption-proof.