Introduction Blockchain Technology Models to Work within the Enterprise

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Introduction Blockchain Technology Models
To Works within the Enterprise

• The emerging technologies like Blockchain have
  found its usage across the different industries.
  It has led to a surge in new developments. When
  we talk about Blockchain technology or
  blockchain-based approach, then we also mention
  the various uses across different industries. One
  of the key changes that every organization has
  brought in is the adoption of newer technologies,
  which can pave the way for more developments.

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• The Proof-of-concept (POC) model has been
  applied across different industries like
  Volkswagen which is using this initiating in the
  supply chain management, and a number of banks
  are also using Blockchain to manage their payment
  system and diamond industry using
  Blockchain-based model and platform for tracing
  the origin of diamonds and also to trace if the
  diamonds are ethically sourced or not. With such
  widespread use of Blockchain across different
  industries, we can expect our system to become
  more adaptable to technologies like Blockchain.

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• The technology is expected to create more than
  175 billion business by 2025, and this is
  expected to expand up to 3.1 trillion by 2030.
  In 2019, the survey done by Deloitte found that
  53 of the senior executives mentioned Blockchain
  as one of the top 5 priorities.

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Use Of Blockchain Across Different Industries

• When it comes to using of Blockchain technology,
  the industries are expected to run seamlessly and
  their business operations to become more
  efficient. There is a wide range of industrial
  applications of Blockchain technology, and we are
  enlisting few of them

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• Innovation In The Finance Division- One of the
  earlier uses of Blockchain takes us to the
  finance sector where Blockchain is used for
  assisting faster transaction. Bitcoin brought
  with it the digital findings revolution and
  Blockchain is now providing a platform which can
  become free from third party effect , thus
  ensuring faster transaction at a lesser cost.

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• The cryptographic process based on the Proof of
  Work consensus protocol and the feature to
  identify information in real-time ensures
  transparency in the business and at the same
  time, the immutable nature makes the information
  accurate and authenticity

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• Transformative Impact On The Supply Chain
  Management System- Another key area of usage of
  Blockchain system is in the field of supply chain
  management system. Blockchain-based application
  can be used in tracing the information about the
  goods and ensuring that the information is
  instantly available to the user. Both buyer and
  seller can make use of this information. It will
  eventually help in making the system transparent.
  The Blockchain-based system can be used t replace
  older system of destination checks, weighbridges
  etc. which consume so much of time. With the help
  of real-time tracking and immutability feature of
  Blockchain, the supply chain management system
  will become more efficient.

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• Safer Digital Data- Cybersecurity is yet another
  field that can reap the benefits of Blockchain.
  We know that DLT offers the feature of
  immutability, which makes data deletion
  difficult. Hence, ensuring that all the digital
  data is safe. This is not only important for
  cybersecurity division, but also for the
  industries which are running their operations on
  the digital platforms.

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• Conclusion- The keen adopters of Blockchain are
  surely going to reap the benefits in the future.
  Such companies will open the gateway of job
  opportunities to those who are skilled in
  Blockchain. If you too are willing to make a
  career in this technology, then Blockchain
  Council is providing Online Blockchain
  certification programs in the same.

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Blockchain Council Certifications

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

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