| Benefit | Description |
| Reliable and available | Since multiple participants share a blockchain, it has no single point of failure and is thus resilient to attacks. |
| Immutable | It is nearly impossible to make changes to a blockchain without detection, thus reducing chances of fraud. |
| Irrevocable | It is possible to make records irrevocable, which can increase accuracy and simplify back-end processes. |
| Near real time | It provides unbroken and timely record of information. |
| Saves costs | Since there is no third party or intermediary (banks, legal institution, government) involved, blockchain can cut down costs. |
| Transparency | The consensus mechanisms provide the benefits of a consolidated, consistent dataset with reduced errors. |