Due to the recent increase of the implementation of blockchain technology in different industries, many of them have seen positive improvements in different aspects in their businesses’ process. Blockchain has resulted in even a more disruptive technology than the Internet.
Despite this, it is still not so easy to find real-world examples of the implementation of blockchain technology. Because of this it is harder for businesses to envision how blockchain could help them outperform and improve different processes and systems.
This is the main reason why it is so important to communicate the real and tangible advantages that blockchain provide, such as speed, security, automatization, transparency, immutability, and lower costs.
Lately, there has been an increased hype about blockchain. This has been mainly because different enterprises from different industries have shared with the world the positive results that blockchain technology have had within their systems.
They have been investing and showing how blockchain can have a very efficient and practical use in different sectors. Some of the industries that have been benefited from the implementation of blockchain technology are the supply chain, finance, travel industries, among many others. The following are real live examples of industries implementing blockchain technology.
Using blockchain in the supply chain has the potential to improve supply chain transparency and traceability as well as to reduce administrative costs. Besides this, some of the primary potential benefits that blockchain could provide to the supply chain industry are:
- Increase traceability of supply chain material to ensure corporate standards are met.
- Improve visibility and compliance over outsourced contract manufacturing.
- Reduce paperwork and administrative costs.
- Improve credibility and public trust of data shared.
Top crypto platforms | April 2024
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