Basically, blockchain technology is a way through which we can record and confirm all transactions instead of using centralized way; they keep the whole record of their transaction and also duly verify them. The clear coin is simply the way transactions are being done in a systematic order, with help of blockchain technology; you don’t need to follow any of the central recordings. This is a system which allows the bit coin to operate with having no central body to look after.
Benefits of Blockchain Technology
Blockchain has the great way when relates to cutting down all the inefficiencies. It helps in cutting down on the middlemen that will surely help you cut down the cost and helps you to trade in less cost on ASX. You are probably giving a high cost to next party for work of auditing and verify the trade.
People have all the record of their transactions and there is transparency when comes to holding of the investors. This is not possible to amend the transaction that has been done prior.
If you are implementing the system of clearing with help of blockchain it will help you to introduce a fee. In this blockchain, transactions are done by solving the optimization process and get rewarded for same. Settlement fees if given when they want the transactions to proceed.
The second concern is related to transparency. If having the trading system, all the positions will be settled with help of the trading ID. This is probably a demerit for many of the investors that are managing their funds.
This process involves a crucial part where it is not noticed that can be an advantage to the large-scale inventories. The complete transparency in the blockchain technology cannot be settled effectively.