Blockchain Digital Transformation is upon us, and it has the potential to revolutionize the business world.
Blockchain solutions like Cardano or Ethereum have now reached places that we couldn’t even reach before with a new concept. And it all comes down to the power of the blockchain, the fact that it offers enhanced security, distributed ledger, it’s distributed and decentralized but also fast and consensus-based.
Thankfully, the Blockchain Digital Transformation expands to a vast range of industries, and it gets to improve them in a variety of ways. Thanks to the blockchain, you get a much easier way to handle corruption and counterfeiting, something that will help our society. The main issue right now comes from implementing the blockchain technologies in every field.
Blockchain Digital Transformation for non-financial enterprises
You will find a lot of companies that are not a part of the finance world which still examine the blockchain technology. Walmart uses the IBM food trust blockchain to handle and manage its goods. Toyota and Ford are integrating the blockchain in their smart mobility systems. You also have Prudential and Metlife that focus on automating trade solutions and their insurance claims.
Even Maersk or FedEx use the blockchain for Digital Transformation since it allows them to monitor cargo shipping and inform customers. Facebook has its own team working on blockchain tech, and the potential is limitless, as you can clearly see here. Other companies, related to heavy industrial products and services, are using blockchain to store data. For example, Mas Ingenieros, a Spanish engineering company, is using blockchain to store data about machine emissions to the atmosphere.
These are evolving alongside vendors and we might even see companies offering blockchain as a service. Oracle is one of the companies that’s hard at work when it comes to implementing the blockchain as a service technology.
You also have healthcare blockchains because they track the supply chains, data can be managed faster and it can save lives. Also, things like claims and healthcare billing information can be stored securely in the blockchain and they can be accessed at the right time.
Using the blockchain for government services
Paperless documentation is what the government really needs since a lot of data can be processed fast and without relying on stacks and stacks of paper. Estonia, Brazil, and Switzerland have already implemented their own blockchain platforms and systems, and other countries will continue to do so. There’s even a system designed to make voting easier on the blockchain, something that really has the potential to expand benefits and take things to the next level in a rewarding way.
The Blockchain is one of those technologies that really push Digital Transformation to the next level in the enterprise world. It has tremendous benefits for a vast range of industries, and it continues to adapt and expand in a very professional and rewarding manner. It’s safe to say that thanks to the blockchain platforms, we will have no problem improving and adapting things in the long term. It helps improve data security and access, all while making it easy for companies to save time. That’s why many companies are focused on Blockchain Digital Transformation and they work really hard to push it to the next level!