How can business benefits from using the blockchain_
                     How can business benefits from using the 
blockchain?
Blockchain Technology:
     According to a Deloitte survey last year, blockchain technology is expected to 
become a key sector in many industries this year.
Thirty-six percent of survey participants said that Blockchainx has the potential 
to improve system operation, either by reducing costs or increasing speed, and 
37% cite blockchain superior security as a major advantage. The remaining 24% 
said that blockchain has the potential to enable new business models and revenue 
streams.

Smart Contract
   Blockchain Distributed Ledger enables automatic execution of business 
contracts. First, the peer-to-peer database collects all the terms of the 
Smart contract between the organization and the customer, then uses data 
pulled from distributed nodes or servers to determine whether these terms are 
met and authorize the payment.
     Similarly, blockchain-based smart contracts can be used to execute automatic 
payments between financial institutions.
Eliminate corporate transaction fees
      Most payment systems are managed by financial institutions such as banks. 
Fees are usually charged when money is transferred between businesses, 
especially small businesses.
     Large corporations have always enjoyed an edge in the global market. Capital 
to absorb remittance fees (or capital to lower fees), more effective intellectual 
property protection, and many other benefits that come with a wealth of capital 
and influence.
Patient Data Sharing Guarantees Payment While
       Electronic Medical Records (EHRs) have contributed to some degree of 
centralization of patient data, since EHR platforms are not standardized, it is 
quite difficult to share this sensitive information with various healthcare 
providers, including specialists. Healthcare organizations can use a secure, 
encrypted and decentralized blockchain ledger to pre-authorize sharing of patient 
information. Last year, the US MIT Media Lab and Beth Israel Deaconess 
Medical Center tested a proof-of-concept for sharing information about patient 
medication through a blockchain ledger called MedRec. MedRec is based on the 
Ethereum blockchain platform for smart contracts.
Selling Energy via Microgrid
    Residents of Brooklyn's Park Slope area can now sell the energy produced by 
roof solar panels via a microgrid based on a blockchain ledger that records all 
transactions with local power plants.Built by the Siemens Digital Grid Division, 
the microgrid includes a network control system, converters, lithium-ion battery 
storage and smart electrical meters. Even if there is a power outage due to 
another hurricane like Sandy in 2012, the residents of the microgrid can still use 
electricity by switching to a spare battery.
         COMPANY      BLOCKCHAINX
         WEBSITE         https://www.blockchainx.tech/token-migration
          E-MAIL            [email protected]
                 THANK YOU