Advantages of Blockchain technology:
One of the prime reasons blockchain is intriguing to businesses is that this technology is almost always open source
2. Reduced transactions costs
blockchain allows peer-to-peer and business-to-business transactions to be completed without the need for a third party and via a distributed computing environment
3. Fast Transactions
Transactions take seconds or minutes to settle. Once the Ethereum platform is reaching critical speed, the commeercial success will probably take off
4. Distrubuted Enviroment
Instead of running a centralized bank data center and verifying transactions through that hub, blockchain allows individual transactions to have their own proof of validity via PoW and PoS.