Businesses have been advised to completely exploit blockchain technologies to alter their business models.
Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system.
This was said after blockchain conference organised by VX Technologies in collaboration with the American Chamber of Commerce (AMCHAM), Ghana, in Accra on the theme: Ghana’s Future on Blockchain
The President of an American technology firm, VX Technologies, Justin Pauly, who gave the advise explained that innovative blockchain solutions could create a safer and more secure digital future for the country as well as advance legacy storage systems and future-proof the country’s digital infrastructure.
Mr Pauly said blockchain innovations will generate revenue, lower costs, and provide special features to governments and businesses. It also reduces the time, energy, and cost for verification of data authenticity while storing information permanently and immutable. Healthhcare documents, education certifications, and professional licenses, stand to benefit from being on block
He noted that the company’s partnership with AMCHAM will bring together government and business leaders to explore how blockchain solutions will transform the continent, with Ghana leading the way.
Story by Janelle Jones
