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Showing posts with the label Enterprise Blockchain Solutions

How does Blockchain help in Supply chain management?

  Blockchain is an innovative solution for various business verticals, it has its own characteristics that make it suitable for business application over the internet. The applications of blockchain are infinite, and for retailers, blockchain will be advanced. Blockchain provides a digital peer-to-peer network that facilitates direct transactions among users. Its distributed and immutable characteristics eliminate costly repetition and enable trust, eradicating the need for and cost of a mediator.  Public blockchains, such as Bitcoin, are anonymous and open source that can be used by anonymous persons over the internet, while private /permissioned blockchains, might be discovered over a supply chain, as it involves a group of associated stakeholders that have a complete interest in making business collectively. Permissioned blockchains facilitate privacy, security, and scalability and It is being well befitted to the enterprise ecosystem over the secured blockchain.  Blockchains give i

How does Blockchain help in upscaling Business operations?

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  In the current scenario, Blockchain Technology is evolving the business verticals in unique ways. Blockchain is integrated with various newly advanced techniques to draw the best solutions for the business requirements.   Blockchain   Blockchain is a shared distributed ledger recording all the transaction details with a timestamp. Each Block of data is interconnected with previous and successive blocks. Blockchain has three unique features like Decentralization, immutable, and transparency.     ·  Blockchain is a shared distributed ledger, transaction details are shared to all the participants involved. ·  Data uploaded on blockchain databases are immutable, that no one can alter the data stored on it. ·  Data are stored as blocks and each block are interconnected with one another, Each block of data is encrypted using hash functions. ·  Blockchain creates hash functions to defend data from modification ·  Blockchain is a decentralized, publicly shared distributed digital ledger that

Blockchain disrupts the Food Supply chain

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  Blockchain In Food Industry Blockchain is a collection of nodes, each one is connected to its previous and successive nodes, each block of data is encrypted with hash functions that provide immutable data blocks, higher transparency, and shared as distributed ledger , Decentralized. Blockchain provides enormous facilities to the food industry with the help of IoT technique. IoT will help in collecting the data from the real-time entity, helps in controlling your smart devices with help of blockchain applications over the internet. IoT techniques link the physical off the chain to the Onchains digital worlds, catching data like temperature and humidity during transportation or storage of the product. Blockchain gives a secure and immutable platform, it allows all the participants in the supply chain to view the transactional data. Survey report presented by ‘Key Vertical Opportunities, Trends & Challenges 2019-2030’, Juniper Research reveals that blockchain used with IoT sensors a

The Financial Sectors Disrupted by Blockchain Technology

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  The Blockchain is a digital ledger of transactions. These are distributed Ledgers are for storing the timestamped transaction among the parties involved. It affords a direct connection among the parties by eliminating the central authority for validating the transactions. Each node is connected in peer to peer network and avoids a central controlling node.   Blockchain has multiple uses in the financial sector, from dispensing commercial papers and helping the faster transfer of securities and payments to reducing trading costs by eliminating mediators and enhancing the client experience. The technology also shrinks and streamlines the trade finance process with the least third-party interference.      For international transactions, blockchain allows real-time payments and by reducing liquidity, and operational costs, verifying fraudulent.   The blockchain has the potential to eradicate the time and risk in issuing international letters of credits and documentation process.     The

Why have Blockchain Solutions for your Enterprise?

  Blockchain is a network of interconnected data blocks, it has a distributed ledger which contains the details of the transactions held on the network. Blockchain has three important features which make it a well-secured platform for the business, Immutable, Transparency, and Decentralized.   Immutable - it is a property in which once the transaction held on the blockchain can not be altered by any others. As the data blocks are interconnected with previous and successive blocks with hash functions. They provide tamper-proof for your data from hackers.   Transparency - It is Property in which transaction held on the Blockchain are viable to all the parties/persons involved in the transactions.   Decentralization   - It is a property in which it eliminates third-party authentications(Bank), it helps to have direct connection among the peoples and it avoids 3rd parties like banks.   Why prefer Blockchain Applications for industries   Blockchain is Cheaper Blockchain is cheaper as compar