Roads Lead to Blockchain

Problems of Centralized Systems

Centralised systems have been accounting for management, communication, and operations of many enterprises for years because of their ability to collect and process data from various sources and centralise them. Examples of centralised systems include governments, organisations, and businesses. Governments have their own tax systems for collecting individuals’ information on income, jobs, properties, and dependent to calculate and record taxes for every citizen. Organisations have their own systems to manage their employees, equipment, products, customers, and sales. Banks have their own software to manage customers, accounts, transactions, exchange rates, and interests.