Typical industries: Web 3 (NFTs, Cryptocurrency, DeFi), banking and financial services, government, automotive, insurance, healthcare, media and entertainment, retail, telecommunications, oil and gas, supply chain networking, manufacturing.
Blockchain technology uses a peer-to-peer computer system to verify and record transactions. Each individual transaction is recorded on two or more separate computer systems, making the process of fabricating a transaction or an event nearly impossible. The concept of storing this information on more than one computer is what gives ‘blockchain’ its name; each computer system acts as a link in a chain and plays a necessary role in the functionality in the overall network.
Blockchain allows for end-to-end traceability across supply chains for physical assets by ‘digitising’ them. Any supply chain or logistics-based company can benefit from this type of technology. Blockchain technology can bring trust and transparency to supply chains that are multi-layered, complicated, and vulnerable to costs related to loss or damage of physical assets being handled by many different people across a great distance. No matter your industry, blockchain can be a window into your operations all over the globe.
Here are just a handful of benefits blockchain can have on your business:
Blockchain technology can transform your business, no matter what industry. If you have any questions regarding blockchain, its benefits, or better yet you already have something in mind, get in touch.