In fact, blockchain and its characteristics can provide numerous advantages to businesses, whether they're using a public blockchain network or opting for private or permissioned blockchain-based applications. Characteristics including: 

Trust. 

Blockchain creates trust between different entities where trust is either nonexistent or unproven.

Decentralized structure. Improved security and privacy. Reduced costs. 

Speed. 

Visibility and traceability. Immutability.

Individual control of data.