1. Immutability:
Documents stored on the blockchain are tamper-proof, ensuring their integrity over time.
2. Decentralized Storage:
Eliminates single points of failure by distributing document data across multiple nodes.
3. Smart Contracts:
Automates access control, permissions, and workflows based on predefined rules.
4. Enhanced Security:
Blockchain cryptography ensures documents are accessible only to authorized users.
5. Transparency and Auditability:
Every access, modification, or sharing of a document is logged and traceable.
6. Version Control:
Maintains a complete history of document changes, ensuring accurate version management.
1. Data Integrity:
Protects against document tampering and fraud.
2. Cost-Effective:
Reduces administrative costs by automating workflows.
3. Accessibility:
Decentralized architecture allows documents to be accessed globally and securely.
4. Compliance:
Meets stringent data security and privacy standards.
5. Trust:
Builds confidence among stakeholders with transparent and verifiable records.