Blockchain technology serving MLM companies

Technological progress is rapidly making changes in all spheres of human activity. The modern world is extremely dynamic, and technologies are changing our perception of life. For example, Blockchain is actively transforming the financial and IT sectors. Every day, the number of digital asset holders is growing, and the words "bitcoin" and "cryptocurrency" have become commonplace among the inhabitants of our planet. Blockchain technology also influences the development of network marketing and can be useful for MLM.

Blockchain solves many problems in various areas of human activity. For example, technical solutions for Ascribe help artists protect their copyright, and the Civic platform allows users to register, verify personal information, and protect their credit history from fraudsters.

Blockchain could be the next step in the development of network marketing. Here are a few examples of Blockchain technologies that can significantly improve MLM companies:

- smart contracts;

- distributor verification;

- fast, secure transactions without commissions from payment systems;
- maintaining the history of distributor hierarchy.

Blockchain is a decentralized system that provides a reliable level of protection of information from alteration and copying. Implementing this technology in network companies will protect users from fraud and leakage of personal information into unwanted hands.

Exchanging money, shares, property, and other assets without intermediaries is made possible by Smart Contracts. It ensures automatic compliance with contract terms and guarantees that payment will only occur after all conditions are met. Thus, modern technologies protect entrepreneurs and allow them to focus on profit generation.

Blockchain helps address issues in online marketing. It is invaluable in analyzing the performance of advertising campaigns and detecting fraud in the work of intermediaries. For a more precise analysis of audience reach, tracking pixels are usually used, embedded in a webpage or email to track user actions.

When confidential data security is not perfect, they can be used for various manipulative schemes and blackmail. If users' personal information is stored on one server, it is vulnerable to hacking, loss due to technical problems, or human errors. When using Blockchain technologies, such a thing cannot happen, as all information is stored on interconnected computers in the network.

Using Blockchain is beneficial and convenient for MLM company leaders and their entire partner structure. The openness and transparency of operations will protect both parties from risks, making business management pleasant and secure. It is only a matter of time before MLM companies start using Blockchain technologies.

Best regards, FlawlessMLM