I love tech and particularly these new DLT opportunities. BUT… I AM WORRIED DEEPLY THAT WE MAY BE MAKING THE BIGGEST ‘ROD FOR OUR OWN BACKS’ EVER BEFORE SEEN IN HISTORY BY PUTTING IMMUTABILITY TO WORK IN BAD WAYS AS WELL AS GOOD WAYS. ALL COUNTRIES ARE NOW USING DLT FOR A PERMENENT RECORD OF ALL CITIZEN ACTIVITIES, TRANSACTIONS, LOCATIONS, HEALTH RECORDS, INTERNET ACTIVITY — A PERMANENT RECORD OF E V E R Y T H I N G !!! THIS CAN BE ABUSED AND IS ALREADY BEING USED AGAINST US TO DIVIDE SOCIETY INTO A NEW CHINESE STYLE SOCIAL CREDIT I M M U T A B L E R E C O R D I N G S Y S T E M WITH THE DISAPPEARANCE OF CASH, PRIVACY WILL ALSO DISAPPEAR !!! We have a HUGE RESPONSIBILITY TO ENSURE DLT IS USED FOR GOOD, NOT BAD OUTCOMES… xx.
Great store of value
The benefit of using Blockchain whereby Information obtained are more reliable, efficient, transparent.
decentralisation and transparency, people can do business borderless and trustlessly yet securely
inmutability, equalty
decentralization is major , trustless , no middlemen , irrefutable or immutable .
I believe the biggest benefit of using blockchain is transparency. Everything is out in the open for everyone to see.
Decentralized, trustless, global, transparent, incorruptible
Blockchain enables having a distributed database that can be verified by each individual user and has no single point of failure. The ledger is immutable and cannot be changed by any central authority. Depending on the type of blockchain there can be privacy features, it can be open vs. closed etc.
Blockchain helps put the power back in the people’s hands. No need to trust, and anyone can partake in any features blockchain has to offer.
I agree and the direct peer to peer and absolute access for everybody ground structure can be a great step for freedom and more equality for people in all countries.
Benefits of using Blockchain:
peer to peer
a trustless system (math rules everything on this realm)
immutable (this is a pro but can be utilize for evil purposes by psychotic bureaucrats, etc…)
Auditing by legacy companies will be considered obsolete as adoption of blockchain grows globally.
Apart from the well-known benefits of blockchain, one of the most important benefits of blockchain is that it minimizes the operational cost of a process and eliminates the control mechanism and intermediaries thanks to smart contracts.
Decentralization, modernizing the financial system
The benefits from utilizing blockchain tech. Is that with blockchain, it will eliminate the use of the middle man (or bank) to send or receive transactions. Also blockchain uses smart contracts to keep all information safe by computer codes.
Probably missing more info.
How to say other than it can be revolutionary even when it comes down to basic things like voting, better government spending oversight and increased clarity in the so called humanitarian non profits. Better fair trade and provenance verification and much more, that I probably didn’t think of and has been mentioned above.
Blockchain Technology has no bounds!!! I LOVE IT. I’m very new at this but the little knowledge I have gained has opened my mind to new innovations.
Provenance, decentralization, immutability, consistency
9 Benefits Of Using Blockchain 
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Trust. Cryptocurrencies are examples of how a blockchain enables trust between participants who don’t know each other. They are willing to engage in business dealings that involve transactions or data sharing that they may not have otherwise done or would have required a “middle-man” to do so.
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Decentralized Structure. There’s no central actor who enables trust, that helps facilitate sharing of data within an ecosystem of businesses where no single entity is exclusively in charge. Supply chain is a great example: Multiple businesses – from suppliers and transportation companies to producers, distributors and retailers – want or need information from others in that chain, yet no one is in charge of facilitating all that information sharing.
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Improved Security. A blockchain creates an unalterable record of digital transactions with end-to-end encryption, which shuts out fraud and unauthorized activity. Data on the blockchain is stored across a network of computers, making it nearly impossible to hack (unlike conventional computer systems that store data “centrally” together on a platform’s servers). The data is stored in ”blocks” of information and then linked together in a permanent “chain.” When a new block is added to the chain, it makes the previous blocks even harder to modify,
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Reduced Costs. A blockchain creates efficiencies in processing transactions. It also reduces manual tasks such as aggregating and amending data, as well as easing reporting and auditing processes. A blockchain helps businesses cut costs by eliminating the “middle-man” – vendors and third-party providers – that have traditionally provided the processing that a blockchain can do.
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Speed. By eliminating the “middle-man”, as well as replacing manual processes in transactions, a blockchain can handle transactions significantly faster than conventional methods (sometimes in a few seconds).
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Visibility and Traceability. A blockchain provides the ability to trace the origin of a product, allowing businesses to better manage inventory, respond to problems or questions and confirm the histories of its merchandise. If a particular farm has to recall its produce due to contamination, a retailer using blockchain can identify and remove the produce that comes from that particular farm while leaving its remaining produce for sale. A blockchain can help track the origins of a variety of items, such as medicines to confirm they’re legitimate instead of counterfeit and organic items to confirm they’re indeed organic.
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Immutability. Once these digital transactions are recorded on a blockchain, they can’t be changed or deleted. On a blockchain, all transactions are time-stamped and date-stamped, so there’s a permanent record. As such, a blockchain can be used to track information over time, enabling a secure, reliable audit of information. The use of a blockchain to digitize real estate transactions to keep track of property titles even as they change hands is an example of this benefit’s potential.
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Individual Control of Data. In a world where data is a very valuable commodity, individuals and individual organizations can decide what pieces of their digital data they want to share and with whom and for how long, with limits enforced by blockchain-enabled smart contracts.
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Tokenization. The value of an asset (whether a physical or digital one) is converted into a digital token that is then recorded on and then shared via a blockchain.
I am so happy to find that this principle of “trustless” is so exciting to everyone else on here too. Iam excited to be starting on this journey with my motivation boosted from some of the comments that I find here.
I would add that another great thing about blockchain is the magnetism its creating for like minded people that are coming together from all walks of life and around the globe!