The Blockchain is not a new technology anymore. However, it was only in the past few years that its adoptions has increased by many folds. While we can spot various Blockchain use cases across Industry Verticals that have already seen the light of the day, for many, it is still just a proof of concept or at an early adaption stage.
The industry seems to be very keen on adapting the Blockchain technology primarily for:
- Effective and Seamless processing
- making all stakeholders party decision
- Greater transparency with increased security
- Bringing credential to their business
Some of the renowned financial institutions did the first adaption. However Manufacturing, Energy & Utilities, Retail, Services Industry and Government institution are not far behind.
Some of the business scenario from Industry Vertical are mentioned below which can be looked for Blockchain implementation. Point to be noted that below implementation will be effective provided the surrounding ecosystem/ application are enabled/augmented for blockchain implementation.
Business Scenario – Applicability in Industry Vertical:
Please note: This blog is part of a series of Blockchain articles. Through these articles we explore about Blockchain – The technology, the hype, the opportunity, the do’s and the don’ts.
Benjamin Sanjay has 17 years of IT experience. He has been working towards Digital Transformation initiatives across Industry Group. His core area of work lies in Innovative Solutions & Thought Leadership using SMAC++ technologies around Digital Transformation & Enterprise Services.
