Strategies for Implementing Blockchain in Business

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Strategies for Implementing Blockchain in Business
blockchainexpert.uk
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• INTRODUCTION

The word blockchain itself got a lot of business
opportunities, around the globe. Most of the new
entrepreneurs are trying to find the vast
capability which blockchain carries. In the
modern era, most of the business got a
technological backup in its core area. And
blockchain is among one of the technologies which
every business wants to run behind it. Strategies
for implementing blockchain in your business will
be based on certain facts and figures. Everyone
around the world is trying to integrate the
blockchain technology to unfold the hidden
advantages for their business. It is one of the
most advanced technologies emerged in recent
years and many business owners believe that it
will explore new paths to the business. Business
Opportunities According to the 2019 Global
Blockchain Survey, about 55 percent of business
advisors said that the blockchain has become a
top priority for the smooth business run. And 40
percent believe that its use cases are compelling
then to adapt it.
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• On one hand, some experts believe that its going
  to replace traditional software development and
  its architecture, on the other hand, if they
  neglect this tech from their business its going
  to slow down them in the race faster adoption of
  future technology.
• Blockchain technologies are opening a new world
  of chance for different business sectors like
  retail, healthcare, energy, financial services
  etc. In finance alone, it can replace traditional
  payments transfer with a fee into
  micro-transaction with almost no fees. It can
  also be used to track the monetary flow and repel
  the counterfeit and also eliminate the fake
  documents. Blockchain can also benefit in the
  area of supply chain and enhance the traceability
  and transparency.
• Identity Management
• With the help of blockchain, business sectors
  like identity management agency can easily store
  the data of the individual without any tampering
  and access the data anywhere in the world
  remotely.

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• HealthCare
• The blockchain technology can keep the record of
  patients in the hospital and also recall the data
  of an individual person for lifelong.
• Banking
• The banks can transfer the payment in micro
  values and transfer the monetary value without
  taking any fees.
• Real Estate
• The real estate properties can be divided based
  on the tokenization process and divide it into
  customers.
• KYC
• Know Your Customer is widely boosed by blockchain
  technology. The fraud and identity theft can be
  avoided by securing customers through
  blockchain-powered KYC.
• Blockchain Projects In Development
• Enterprise Ethereum Alliance This a major
  association formed by leading tech giants around
  the world like Microsoft, Intel, Accenture,
  Credit Suisse, UBS, JP Morgan Chase, Bank of New
  York Mellon, which aims to develop the blockchain
  and smart contracts for use in enterprise
  applications.

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• Mastercard's blockchain Mastercard has promoted
  the Blockchain API as a solution for cross border
  payments for their financial sector for enhancing
  the B2B tech.
• E-voting Estonia has partnered with Nasdaq to
  make the countrys e-residence scheme which helps
  the shareholders to vote online through
  blockchain and also the shareholders can vary
  their identity through blockchain.
• Political voting Elections can be conducted
  through blockchain which avoids the tampering of
  data and provides absolute immutability
• Smartphones with blockchain tech Most of the
  mobile manufacturing companies are developing
  blockchain-based handset and also providing
  inbuilt crypto-wallets
• Visa B2B Connect Visa and IBM partnership has
  announced that they are making a cross-platform
  payment tool powered by blockchain.
• Managed enterprise services Amazon and Oracle
  are offering enterprise managed blockchain in
  hyperledger fabric protocol.
• The blockchain is figured out as an optimum
  solution for the business sector. It is
  absolutely developer-friendly to integrate it
  with existing technology and also create it from
  scratch. The integration can certainly provide an
  immense boost in the business flow.

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Read more Strategies for Implementing
Blockchain in Business
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