Improve data accessibility
Over $1.7 trillion is lost every year related to data loss and downtime, and over 2/3 of companies have experienced data loss in the last 12 months. Due to the public, open nature of blockchain, information is readily available, and no single person has control over it. That means firms don’t have to worry about having siloes of information or having data stored across multiple computers or even physical, paper documents. And while the paper trail associated with traditional property transfer (deeds, titles, etc) can easily be counterfeited, the tamper-proof structure of blockchain prevents these types of fraud.