How can blockchain help you to grow your business

Copyright © Blockchain Council www.blockchain-council.org
How Can Blockchain Help you To Grow Your
Business?
The Blockchain is touted as a key driver of change and the foundation stone for
new development. Lauded for its multiple features, Blockchain offers a transparent
and decentralized platform which companies can use to integrate with the current
business operations and make it even more efficient and effective. In times like
today when gaining competitive edge has become mandatory for companies, it
becomes imperative to adopt the changes and Blockchain is that change which
every company is eyeing.
2

Evolved in 2009, Blockchain has managed to break the glass ceiling of restricted
application in the field of cryptocurrency and now it finds usage in almost all the
business verticals. Certain apprehensions surround this technology, but despite it,
Blockchain has emerged as a winner. Apart from the big names in the industry, we
have seen a surge in the Blockchain startups. These companies provide
Blockchain-based solutions and render platform to companies seeking help in
Blockchain development.
3

Why Are Companies Eyeing at blockchain
Technology?
One of the primary reasons that most of the companies adopt new technology is
because they want o gain the competitive edge in the market and at the same
time, they want to provide their customers value for money. With Blockchain it
becomes easy. This distributed ledger technology offers a decentralized platform
where time-stamping ensures that the data is easy to trace and track.
4

All these features of Blockchain make it useful for different business
functionalities. Some of the critical features of blockchain that can help in the
growth of business include the following :
5

1. Transparency
2. Decentralization
3. Peer-to-peer interaction
4. Data security
5. Traceability
6. Immutability
6

The objective of Blockchain technology is to create a transparent ecosystem of
growth and development where people can trust the digital platform for data
exchange.
7

Different areas of Business Operations where
Blockchain Is Found Useful:
Supply Chain Management– This is an integral aspect of any business venture.
Big or small, irrespective of the business size, it is very important for the company
to have an efficient supply chain. It not only ensures that the product reaches its
destination on time but also, guarantees quality products being delivered.
8

With the integration of Blockchain, the task becomes even more simplified.
Blockchain offers a transparent platform where every data exchange is time-
stamped and stored chronologically in the ledger thus making it easy for anyone in
the system to track the information. This entire system works with the
amalgamation of IoT and Blockchain.
9

Quality Assurance- Another area where Blockchain is found to be useful is
Quality assurance. Companies want their customers to have a product which is
value for money and Blockchain can help in this. We all know that tracking of
information becomes easy with Blockchain. Integrating the product with
Blockchain ledger makes it easy for people in the system to track the origin of the
product and its entire journey. The customer can make use of Blockchain and QR
codes to help them know the history of a particular product.
10

Smart Contract- This is yet another field where Blockchain can prove to be
beneficial. Often after signing the agreement, it takes several days for the money
to get transferred, but with Blockchain the task will become easier. Smart
contracts make this happen. These are pre-programmed contracts which have
agreed on terms and conditions between the two parties.
11

Once the conditions are fulfilled, the smart contract gets activated, and the money
transaction is executed. The crux of the matter is that one doesn’t have to wait for
approval or validation from a third party. With a lesser or no interference of the
third party, the entire system becomes full-proof, and at the same time, it also
saves the cost and time which goes into verification and validation of a
transaction.
12

Data storage and security- One of the keys offer that any business can offer its
customers is the security of their personal information. In a modern time when the
world is going digital, there is a need for a platform which can offer at security.
Currently, many people refrain from using digital technology, primarily because
they are afraid of losing their personal information. With the help of Blockchain,
companies can answer this query of their customers.
13

Blockchain allows data storage cryptographically which eventually makes it
difficult for someone to have the system and alter the information, thus ensuring
data security. Another point to note here is that Blockchain makes the system
fullproof, the hacker cannot enter the system and change the data. Every data
gets added as a block to the ledger, and every block is associated with another.
So, if there is a change in one block, then it will affect other blocks as well, thus
making it easy for anyone to track the changes; additionally, it will be a tedious
task for a hacker to change so many blocks in one go.
14

Conclusion
Blockchain is the need of the hour. Irrespective of your business domain,
integration with this technology will guarantee the creation of a transparent
platform.
15

Blockchain Council Certifications
You can check out our certifications, and kick start your career in the Blockchain
space today.
● Certified Blockchain Expert
● Certified Blockchain Expertv2
● Certified Blockchain Developer
● Certified Smart Contract Developer
● Certified Solidity Developer
● Certified Ethereum Developer
16

THANK YOU!
Any questions?
You can mail us at
hello@blockchain-council.org
Copyright © Blockchain Council www.blockchain-council.org 17

How can blockchain help you to grow your business

Recommandé

Recommandé

Contenu connexe

Tendances

Tendances (20)

Similaire à How can blockchain help you to grow your business

Similaire à How can blockchain help you to grow your business (20)

Plus de Blockchain Council

Plus de Blockchain Council (20)

Dernier

Dernier (20)

How can blockchain help you to grow your business