Principles adopted by three blockchains.

Chane999

"Blockchain technology can significantly enhance business transparency and credibility.

Due to providing full transparency to all participants, blockchain technology can shorten transaction settlement times from days or weeks to seconds, eliminating third-party intermediaries in the verification process and greatly reducing companies' excessive costs. Additionally, blockchain is built on a foundation of trust, helping to reduce the risk of illegal activities in network payments and mitigate fraud and cybercrime.

The significant reasons attracting businesses to adopt blockchain applications currently are mainly the ""fast, cost-effective, and highly transparent"" effects that this revolutionary new technology can bring to transactions both inside and outside the enterprise. However, just like when companies transitioned to the internet, they must go through the challenges of ""pioneering,"" and currently, blockchain is still constrained by the maturity of technology, policies, and acceptance."

Kahn332

Principles also need to be grasped well.

Shri

What kind of principles are these? We won't discuss them because we are laymen.

Kahn332

The principles adopted need to be understood.

Jafar224

That also needs to be well grasped, right?