1. Smart contracts: Blockchain supports the execution of self-executing smart contracts, automating processes and reducing the need for intermediaries.

2. Data backup and recovery: Blockchain's distributed nature ensures that data is replicated across multiple nodes, providing redundancy and resilience.

3. Global accessibility: Blockchain networks are accessible to anyone with an internet connection, enabling global participation and collaboration.

4. Cost savings: By eliminating intermediaries and streamlining processes, blockchain can lead to significant cost savings in various industries.

5 Regulatory compliance: Blockchain can facilitate compliance with regulations by providing an immutable record of transactions and data.

6 Innovation and new business models: Blockchain technology opens up new possibilities for innovative business models and disruptive applications.