Advantages incurred with blockchain

  • The reliable credit history of IF seekers: Credit history of IF seekers can be stored on the blockchain, which will build trust within investors.
  • Improved GDP: As soon as potential liquidity becomes available to SMEs, the economy of the country will get availed.
  • Reduced Fraud: With the advent of the blockchain, there will be no chance of fraud due to its features such as immutability and audibility.
  • Time-saving: Previously, time involved in approval of invoice to the legitimacy of the invoice was really long but now, the whole process is getting automated.
  • Better investment: The platform will create competition between the potential investors, thereby enhanced investment.

 

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