Advantages of recording and reporting on immutability: Since transactions are immutable in DLT and blockchain, consistency and clarity reporting is provided. Since they are immutable, the chance of errors occurring is extremely low and the network itself checks against fraud.

Smarter world: In DLT and blockchain, agreements between businesses, businesses and consumers, individuals and machines, machines and machines, and so on are implemented using smart contracts. These smart contracts are self-executing, and so the administrative and execution costs of agreements are reduced drastically. Risk, in terms of contract or agreement interpretation, is reduced significantly, which further reduces any legal costs that arise in the case of conflicts in traditional contracts and agreements.

Plethora of use cases: DLT and blockchain find opportunities in abundant use cases, from government to finance and supply chain management (SCM) to human empowerment. This chapter will cover a few of those use cases.