Every MLM business must run using a well planned strategy in the midst of what seems to some as chaos and confusion.
Managing your MLM business is filled with some quick decisions as well as some well thought out marketing action steps.
Technology in an MLM business is vital and on the rise. Not only for success but, let’s all understand that anything that can give our MLM business a helping hand and allow a bit of comfort and ease is well worth a look.
Today, we will discuss the aspects of MLM companies adopting Blockchain technology.
What is Blockchain technology, and how will it help my MLM business?
Blockchain is an amazing technological development that permits digital data, or information, to be shared but not copied.
Blockchain was, in its beginnings, masterfully engineered and created for the purpose of digital mediums of exchange, but the Bitcoin Technological Association, as well as many other groups, has found and is in the process of still finding amazing uses for Blockchain.
Using Blockchain for your MLM business could be an amazing resource to grow and manage your business.
Here is a layman’s break-down on how Blockchain technology works:
- A transaction is requested
- The transaction is then broadcasted to a p2p or nodes of networking computers (miners).
- These nodes then validate said transaction using algorithms.
- The established transaction may connect with cryptocurrency records as well as other data.
- The transaction is concluded and sealed.
Upon completion, a brand-new block will be established with the current blockchain. The blockchain becomes literally unalterable as well as everlasting.
The Blockchain stores data across it’s network. With this technology, blockchain disposes of the risks that are certain when data is kept and held centrally.
Still a bit confused?
Here is a short YouTube video that in 6 minutes has a wonderful explanation to have a better grip and understanding of blockchain and its uses:
Why should you welcome Blockchain into MLM?
The use of Blockchain technology can and will build, as well as modernize your MLM distributing trust with clientele within your MLM business.
No one is capable to hack or access funds
Smart interface contracts comply for the automated transfers of money to be transferred to be activated by actions triggered through a peer-to-peer network.
An example would be: when a new member is added to the downline, a transaction occurrence stimulates. This action results in a generation of payment within a smart contract.
Accountability with added Transparency
Recently, major MLM businesses have really made head-way and even news coverage about income concerning distributors to reach out and receive new distributors to climb aboard their MLM business.
In the midst of using a blockchain in this transaction, the activity literally transacts within the blockchain, then documented, or recorded within a digital ledger creating a wider accountability and greater transparency.
Cutting out middle men
When you are able to cut out said middle men in your MLM business, such as banks, currency exchanges, institutions of financial exchanges etc, it will create a more cost-effective situation for not only yourself, the MLM business you have built, but the downline distributors as well.
The word blockchain can be used in many different ways, and has several ways to not only use, but understand its many ways of practical uses. Simply put, it can be assumed to be an internet storing bank for either storing monies or transferring money in a virtual sense.
Blockchain is also a masterful bookkeeping tool.
Recently awareness was provided of a great blockchain ICO that will lead the way in bringing the uses into MLM.
You CAN get in on the initial stages.
Using what is called Dapps, MLM businesses as well as other systems can utilize blockchain technology to make a better and more efficient system. And, no matter if you are a part time MLM representative or the CEO of a MLM company, there are ways you can use this Dapp blockchain system to your benefit.
The ICO is Nasgo and it is set to release soon… So get in while it is hot on the presses.
Invest and you are bound to see a huge return… Just go to Nasgo.com and click Global Offering. Click sign up and enter your info along with this special referral code: 7HLHI8UL
Remember that those who jumped in to Bitcoin when others were shaking their heads are living a financially free life today.
So get in now and be part of the Nasgo Dapp evolution.
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