Blockchain is revolutionizing main areas of Business Processes

Blockchain is revolutionizing main areas of Business Processes. Our future with XcelToken could bring efficient changing in your way running business process. Let's see how Fintech, Recruiting and Digital Marketing could be developed with new Blockchain technologies. 

We can see today professionals in marketing, recruitment, fintech and more are now using blockchain technology to streamline specific business needs. Blockchain technology was introduced with digital currency, but the blockchain concept is rapidly expanding beyond the cryptocurrency universe. Let’s see how other professions are adopting blockchain to particular business needs for more efficient data sharing.

Recruitment

Constant chore for HR departments is locating and onboarding new talent in every company. Blockchain can provide you with a secure but flexible informational source. It’s changing the way businesses recruit employees in the information age. Having some form of verification system in place would reduce much of the risk and save valuable time in evaluating candidates.

Blockchain technology would essentially let participating companies maintain a database of employees, along with their skills, duties, education, and history. It gives an opportunity to compare an applicant’s claims against the experience and credentials that have been validated in the past. This could include a registry of diplomas, certificates, and other honors job seekers might list on their CV. Immediate fact-checking against an extensive blockchain of information could transform the screening and hiring process for companies of all sizes, and at a relatively low cost.

Fintech

Blockchain technology is still widely used for most cryptocurrency transactions. As more companies and consumers adopt these payment methods, it could become a standard method of payment that doesn’t require you to pay for processing services or special software. This means lower costs and potential savings for users. Every company seeks ways to streamline their business operations. More efficient processes lead to improved time management, and to greater productivity and profitability.

The automation and integration of financial tasks into one platform will improve your cash flow and record keeping while freeing up employee time. Blockchain is lower the cost of processing any digital transactions. At present, the majority of business is done using debit/credit cards, a form of digital currency. Including the capacity to process cryptocurrency into the mix will allow your company more flexibility in accepting payments. It will also encourage more sales with a new generation of consumers.

Digital Marketing

The current state of digital marketing is that major internet companies such as Google or Facebook control much of the advertising that takes place. Incorporating blockchain technology into this marketing could allow a level of security and transparency that would enable marketers to quickly assess audience factors such as demographics. This can be done with an efficiency that could save you millions of dollars annually. Blockchain can accomplish this through tracking the use of Basic Attention Tokens, which allow end users to get paid for the ads they view, while the advertiser sells directly to the public. This would effectively put the consumer back in control.

This trend has only made marketing more difficult as users get fed up and seek more confidential channels. A reputation for exploiting personal information has also backfired on companies by damaging their brand. With an encrypted blockchain, users can view the content they choose without marketers monitoring and accessing their viewing habits. Instead, the public can decide who gets their information, for how long, and when. Digital marketers may have less data to go on, but it will be more accurate. One upside is that your company can be confident that ads are reaching the right people, so that marketing funds bring better responses.

Consumers and advertisers alike will benefit from blockchain technology in the digital marketing environment. Blockchain is a versatile technology that can be applied to business practices of many kinds. The benefits of secure and distributed tracking of information will improve the productivity of HR, marketing, payment processes and more. Best of all, it can be done at lower cost than current solutions. These are important benefits that can be passed on to your customers.

Using  XcelToken  like digital Decentralized Digital Assets, general-purpose utility token based on the ERC20 Ethereum protocol is helping not only hotels, restaurants and marketing partners earn while participating, while travelers enjoy the benefits of a leaner eco-system.  XcelToken as a blockchain Utility Token could be used in recruiting, fintech and digital marketing systems too. Stay tuned for more news!

At the moment you can use XcelToken Plus, a utility token with multiple use-cases, to book your travels on XcelTrip and make sure that the future of cryptocurrencies is bright.

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