🚀 Blockchain is about to revolutionize our way of doing business, but probably not in the way you think. While most of us associate Blockchain with Bitcoin and other cryptocurrencies, blockchain technology is revolutionizing a lot more than currency.
🔶 Blockchain will automate taxes and make them more accurate.
Right now, taxes for contract workers are complicated. From write-offs to estimated taxes, the annual tax burden is a headache for workers and employers alike.
🔶 Blockchain will streamline routine tasks.
Everything from tracking payroll to issuing paychecks to managing contracts is more efficient with blockchain.
🔶 Blockchain ensures transparency and privacy.
Human resources deal with big amounts of confidential data, high-risk financial transactions, and sensitive personal information. At the same time, transparency and privacy are key features of blockchain technology!
Within the blockchain all transactions are logged and stored securely, offering immutable history and an audit trail, which makes the system fully traceable, immutable & transparent.
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