Blockchains are generally more secure than traditional computing systems, as a malicious actor would need to hack into each individual computer system in order to corrupt or steal data from it. Blockchains work using cryptographic techniques which makes them very hard to break into (however not impossible). In addition, with Blockchain technology companies do not need an intermediary for transactions or data sharing, allowing them to save time and money.

Documents and contracts can be stored on the Blockchain. This allows for creation of transparent databases where all participants have access to the information provided that they have been given permission by the ledger’s administrator.

A digital asset is an item represented in computer readable format which is stored in Blockchain to allow its owner to receive, send, manage or control it through cryptographic keys. This allows for creation of new business models where digital assets are at center stage (e.g. sharing economy).

Financial trades can be cleared and settled much faster with blockchain technology, as it avoids the need to use a middleman during the transaction.

The role of a third party should not be needed for funds transfer and trading. The entire trading process can be simplified, as Blockchain enables direct transfers between parties involved.