Blockchain and trust

[Pamela1966]

How can blockchain reduce business risks and increase trust

[ICO Lancer]

I think smart contracts will improve trust and transparency in companies. This is one of the main reasons we're gonna start seeing gambling startups use blockchain/smart contracts I think.

[liangweicha]

Blockchain can increase the transparency between enterprises.
People can find all kinds of information about transaction information directly in the block browser, so I think this will solve the problem of transparency.

[Meraki]

How can blockchain reduce business risks and increase trust

With blockchain smart contract, a company can experience much more transparency in the records of money transaction. With that it can increase the trust of the company as well for the investors because they can just search the address and they will see complete transaction made by that address.

[Cilorku]

I think Blockchain can increase trust and transparency in the company. this is very important for the future. in order to solve the existing problem.

[RheaLity]

Blockchain can increase the transparency between enterprises.
People can find all kinds of information about transaction information directly in the block browser, so I think this will solve the problem of transparency.

Yeah that's right, there's many information that we will found and to have a knowledge about the transactions online.

[cryptotsunami]

How can blockchain reduce business risks and increase trust

It reduce business risk and create  trust because blockchain cannot be reproduce or create another copy. For example if you implement land registration in blockchain, you can automatically see would is the real owner of the land. If he sell it or transfer the title, you can check if he is the real owner or if he already sell it to other person.

[apityeh71]

As i know blockchain technology offer transparancy and fair system, because this technology avoid  third party so every transaction only make between sender and receiver.

[macchiato]

Records of transactions can be accessed by anyone who wish to view it hence improving transparency among companies and people. Trust will therefore be established because thefts and frauds will be eradicated. Aside from that, implementing blockchain technology allows less onerous auditing jobs which therefore decrease the labor cost for companies. Furthermore, the use of smart contracts reduce cost for tangible contracts and are more unsusceptible to damage nor destruction.

[Jansaa]

How can blockchain reduce business risks and increase trust

Blockchain and smartcontract will be very good, because it is hard to change! Most likely it will not happen unless there are too big impacts

[angelakrasnova]

Trust is because the system is transparent and you can even see even the conclusions from other wallets and this is good, because that's how confidence develops.

[sergeykravcov177]

Trust is there but when my wallet can look anyone who fancies it a little annoying, it's my personal account why everyone can look

[svetochka.yakovleva.93]

 I trust bitcoin I have never had such a thing that my purse was to be hacked or just somehow attempted, everything is fine.

[sashulya7979]

I trust the block system system because I have examples of famous people who are diligently using it and knowingly they do it.

[ZAROBLYATOR]

Blockchain technology offers to business the transparent system for all processes. So companies can save money and improve services quality by recording all data in blockchain and then analyzing all weaknesses and fixing them.

Also we must take into the count smart-contracts. I believe that in nearer future we will see simple solutions for integration them in corporation and small business processes.

[Torps1]

Blockchain technology is gaining popularity and acceptance because of the advantages associated with it. Transparency is a big problem in businesses....... This will be solved with blockchain technology using its smart contract technology.

[21millionsbtc]

blockchain use distributed ledger system same like excel which is uneditable so we can see more transparency in the organization why because data can't be edited or manipulated

[castiloros]

blockchain has a transparent system in the transaction. In addition, blockchain also has a security system that is no doubt. that's why many believe using blockchain and began to appear many projects with the blockchain system.

[左]

How can blockchain reduce business risks and increase trust

The whole point of the (bitcoin) blockchain is to be trustless, i.e it does not require you to trust the other party.

[ismelda_ita]

I think by using the shared ledger components. Because the Blockchain system will record all transactions that occur within its business network. Any transaction that occurs will be recorded by adding a hash of the previous transaction. The transaction will be distributed and replicated to members of its business network and only members granted access permission will be able to view/access the relevant transaction.