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A blockchain is “a distributed database that maintains a continuously growing list of ordered records, called blocks.” These blocks “are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data

Blockchain technology has a wide range of applications beyond cryptocurrencies, including supply chain management, voting systems, identity verification, healthcare, and decentralized finance (DeFi). Its potential to revolutionize various industries lies in its ability to provide a secure, transparent, and immutable record of transactions and data. Blockchain enhances trust across a business network. It’s not that you can’t trust those who you conduct business with; it’s that you don’t need to when operating on a blockchain network.

Telstra Technologies Pvt Ltd (TTIPL) provides blockchain services that leverage these key aspects to enhance various business processes and applications. By utilizing TTIPL's blockchain solutions, organizations can achieve higher levels of security, efficiency, and trust in their operations, driving innovation and growth across multiple sectors.

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Hiring Freeze

The pause on hiring new employees may lead to an increased workload for existing employees because the work that may have been the responsibility of the new employees can only be allocated to them. Similarly, the workload resulting from exiting employees must be divided among the existing employees. It can result in a negative impact on morale and employee productivity in the long term, which may ultimately cause more employees to leave the company.