customers, as well as, business owners to verify and confirm the deals among each other. Also, cross-border transactions are also possible

That's true because of distributed ledger technology of blockchain .

But now, this record keeping mechanism has been turned on to the blockchain. The daily data and progress of the business can be recorded on the blockchain.

You are right . Besides storage other features like non-editablity and single click accessiblity of records further add to beauty of blockchain as a record keeping ledger .

Also, the blocks in technology can help to trace and check and balance of all the products that are offered by a particular company or organisation.

You are right . We can also check the storage conditions and expiry etc so as to ensure quality service delivery.

transactions without any restriction of place or area with the help of the cryptocurrency.

Absolutely true . Anytime and anywhere transaction at lower transactions fee would defnitely boost the Bussiness.

Good luck.