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The BSV Association launches a new report on the role of blockchain in safeguarding data and simplifying transactions
The BSV Association is pleased to launch a new report focused on the role of blockchain in safeguarding data and simplifying transactions.
By 2030, approximately 125 billion digital devices are expected to be connected worldwide, sending and receiving data via the Internet and other wireless paths.
Trust in data has always been important, but never more so than in the new digital age, where artificial intelligence (AI), the Internet of Things (IoT) and other emerging technologies make decisions autonomously – decisions that can help a business to thrive or threaten its growth. operations, revenues and reputation.
Blockchain technology opens a window on trust. Using it, companies can clearly see where the data came from, where it has traveled, and how it has changed along the way. Blockchain’s transparent, secure, and immutable digital ledger provides trust and confidence that a company’s devices and data are functioning as they should. This confidence is essential to making the bold moves needed to stay ahead of the competition in an ongoing and accelerating digital transformation.
However, not all blockchains are created equal. Since 2008, more than 500 blockchains have attempted to establish digital trust. BSV is the first to reliably scale trust. The design of the BSV blockchain, which uses large blocks (comparable to pages in a ledger), gives it the power to handle extraordinarily high-volume transactions at much lower cost than other blockchains.
The innovative features of the BSV blockchain give it the ability to support at least 1 million transactions per second, more than any other financial network. And as the number of transactions increases, the cost per transaction decreases – a unique feature of BSV. The BSV blockchain gives your business an edge over the competition.
Using it, your business can more easily profit from new sources of revenue, reduce operating costs, and incorporate new technologies more quickly, with complete confidence in your operations and transactions, while facilitating regulatory compliance. You can rest easy knowing that your company can use and share its own data as well as that of your business partners and customers with complete and absolute confidence.
New to blockchain? Check it out on CoinGeek Blockchain for Beginners section, the definitive resource guide to learn more about blockchain technology.