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How Blockchain Technology Help You To Enhance Your Business In 2020

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By Author: Block chain council
Total Articles: 182
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Every company wants to gain a competitive edge in the market. There are various ways to achieve the same. One of the best ways is to adopt technologies and strategies which will help in gaining an advantage. Well, when we are talking about technological developments, then we cannot miss mentioning Blockchain technology. The DLT that once formed the base for cryptocurrency exchange has now been widely accepted across different industries.

Businesses adopt various ways to make them perform better, and they have shown a growing inclination towards Blockchain Technology. As per Deloitte's report, around 1300 senior executives, of this 53 %, believe that Blockchain is a priority for companies. When it comes to the use cases of Blockchain technology, then this technology has penetrated across different industries and finds myriads of applications. As per data published in Business Insider, the companies dealing in financial services are actively using Blockchain technology followed by manufacturing, energy, and utility, and healthcare industry. What we want to convey here is that Blockchain is steadily expanding its roots across ...
... different industries, and this percentage is going to increase in the years to come.

What's in it for you?

If you are still wondering how and why Blockchain is important for you, then the pointers ahead are worth reading. We bring you the use cases of Blockchain in businesses and how certified Blockchain professionals can help you in the same.

Eliminates middleman- One of the reasons different businesses are inclined towards Blockchain technology is because it eliminates the need for a middleman. The platform directly links two parties allowing direct transaction and interaction. One such example that we would like to mention here is Corda. It is an open-source Blockchain platform that allows enterprises to transact in strict privacy. With this, the companies get the advantages of doing the business faster, which eventually makes them more productive.

Data Security- Since most of the companies are now working on the digital medium and the mode of business has gone online, it is important for them to have a safe and secure system. With Blockchain, you have an assurance of having a safe platform. Every data on Blockchain is stored in the form of a block, and each block is linked with the other. So, if someone tries to change the data, then it will impact the others, thus making it easy to find if data has been impacted. Besides, every data on the Blockchain is stored cryptographically, thus ensuring data safety and security. It again becomes an added advantage for the companies rendering services on the Blockchain platform.
Take the supply chain management to the next level- Supply Chain is the underpinning of most of the businesses. Companies need to work on creating a more profound and seamless supply chain to ensure customer satisfaction and increasing business productivity. With Blockchain technology, along with IoT, it becomes easy to have a seamless supply chain management.

In our analysis, we have found that Blockchain is going to have a great demand in the future, and at the same time, there is also going to be a greater need for Blockchain experts and professionals who can help in implementing this technology. Blockchain Council is one of the leading platforms offering certification courses in Blockchain. So, if you are also willing to learn more about Blockchain, then you must enroll for the Blockchain certification program.

More About the Author

Blockchain Council is an authoritative group of subject experts and enthusiasts who are evangelizing the Blockchain Research and Development, Use Cases and Products and Knowledge for a better world. Blockchain technology is more than just a technology, which is emerging rapidly with a vast scope in the future. Blockchain acts as a financial network, software, distributed ledger, etc. Owing to this multitude of benefits and features, companies are now shifting their centralized and traditional working system to this trending and futuristic technology “Blockchain”. Blockchain council creates an environment and raises awareness among businesses, enterprises, developers, and society by educating them in the Blockchain space. We are a private de-facto organization working individually and proliferating Blockchain technology globally. Visit here for more details@https://www.blockchain-council.org/

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