Enterprise Blockchain Solutions Emerging in Cross-Industry Sectors
NetworkNewsWire Editorial Coverage
It's difficult to imagine childhood without a set of building blocks, be it Tinkertoys, Legos, or the tried-and-true backyard stick structures. Regardless of the construction method, the drive to solve problems and build something useful never really goes away, especially when it comes to business. In fact, it's the anchoring thought behind the blockchain revolution made famous by bitcoin and other cryptocurrencies. Blockchain technology, described as a distributed database or ledger that maintains a continuous list of transactions or records, has the potential to disrupt any public or private sector. Companies actively pursuing and building on the opportunities provided by this technology include
Lego My Blockchain
It's helpful to envision the concept of building a blockchain the same way you once (or still do) play with Legos, maintains one research analyst who works for Cisco (http://nnw.fm/2ZLrm). Each transaction is like a
Gaining Traction
A
Discovering these applications is the goal of
Blockchain is shaking up the transport and logistics industry in a big way as some of the world's largest companies - think Walmart,
For payment solutions provider
The company's Global Reserve Platform is a fully configurable "banking-in-a-box" web-based platform that can fulfill the front-to-back office processing requirements of domestic, foreign exchange and international payment service providers. This platform is designed to improve workflow, operational efficiencies, and global financial management for enterprises with a widespread infrastructure (http://nnw.fm/5D30t).
A recently announced joint-venture agreement with
The Unbankables
The legalized cannabis industry is a significantly underserved market because of federal regulations that keep cannabis illegal in
As a "
On
MTRAC is also widening the scope of its PotSaver brand to include businesses outside of the cannabis industry. MTRAC CEO
"As the industry has morphed into the multi-billion-dollar industry it is today, we recognize that this is now, more than ever, a community made up of your everyday consumers who are looking for more than just deals on cannabis products, but who are also eager to find deals on other products and services that are offered by the many different businesses in their local communities, and we are committed to developing PotSaver into a resource they can rely on for all of this," Luna said (http://nnw.fm/G19x7).
Making a Difference
Blockchain technology has applications far beyond corporate boardrooms and profit sheets - it potentially means financial freedom and accessibility for the approximately 2 billion working-age adults worldwide who are not part of a formal financial system, according to an
By improving the flow of money and commerce, which includes utilizing blockchain payment solutions now being touted by an increasing number of businesses, the statistics regarding adults who are denied a higher quality of living through financial freedom could change for the better. That's a worthy goal shared by many entrepreneurs in the booming blockchain technology space, including
The new initiative, called SecurFoundation, is focused on improving communities around the world by designating 1 percent of SecurCapital's capital structure, products, earnings and employees' time for charitable causes.
"Every company has a responsibility for allocating some of their assets to the social good,"
Structured Concept
The allure of blockchain is in its infrastructure. According to Tractica, annual revenue for enterprise applications of blockchain is projected to increase from
Other Players on the Block
Another huge player in the blockchain space is
In
"Blockchain holds the promise to fundamentally transform how business is done, making business-to-business interactions more secure, transparent and efficient," Zavery said in a news release (http://nnw.fm/i2FVo).
As the world's largest parcel delivery company,
Growing Interest
While fully embracing blockchain technology will take time and a significant investment for many enterprises and industries, the consensus is that blockchain represents an inevitable forward progression. Even in the peer-reviewed world of hard science, the underlying technology is making tentative inroads as researchers take a look at the potential benefits being touted by blockchain enthusiasts. The potential to merge public interest with corporate goals holds promise, especially when those goals can overcome hurdles that both parties face.
For more information on
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