Peter DeCaprio: Best 13 Tips for Reviewing changing Trends – Top Business Applications of Blockchain
In this article, we’ll go through a variety of business applications moreover that can be or are already being built using blockchain says Peter DeCaprio. 1. Supply Chain Management & Logistics Problem: Improving the efficiency of decentralized business processes Solution: Blockchain to manage, track and record transactions along with the supply chain Use cases: However, tracking the production of raw materials or products through the whole process chain from one factory to consumer’s hands using blockchain technology explains Peter DeCaprio. This enables businesses to reduce time spent on tracking, reporting, and archiving data as well as prevent costly mistakes that are often done manually. 2. Payments, Digital Currencies & Cryptocurrencies Problem: Transferring money between various currencies is difficult and also time-consuming Solution: Moreover, Blockchain provides a decentralized platform that enables several actors to transfer money or other tokens of value in one ecosystem without the need for third-party verification Use cases: Setting up a blockchain system to transfer money between countries faster than traditional cross-border payment systems like Western Union does. 3.… Read More »Peter DeCaprio: Best 13 Tips for Reviewing changing Trends – Top Business Applications of Blockchain