In contrast to how traditional business networks function, Blockchains guarantee greater security, greater trust and more efficiency in transactions.
With how the Blockchain is run, there is a guarantee on the data accuracy of transactions where all validated ones are immutable. These transactions will be unamendable and users will have access to it anytime, anywhere. These provides users with greater security in their transactions.
As mentioned earlier, Blockchain technology also offers more efficiencies as compared to the traditional model. With the use of a distributed ledger, double recordings of transactions are eliminated once a single transaction is recorded. In addition, transactions are sped up with the utilization of smart contracts which are automatically executed when its conditions are met by both sides. This limits the actions users have to take to execute a transaction.
One of the biggest selling points of the Blockchain is the greater trust it provides to the users. As a Blockchain is a members-only network, all data there is received will be accurate and that confidential information would only be shared with specific members that the user has specifically granted access to.