Blockchain in More Industries
Blockchain technology enables an immutable and secure way to tokenize and manage tangible and intangible assets. Some opportunities include innovative liquidity options and reduced management costs.
Also known as DeFi, decentralized finance leverages blockchain technology to explore new liquidity opportunities for citizens. Our team is part of evodex, an open-source DeFi app.
Blockchain allows an immutable, transparent, and secure system to manage digital identities that can interconnect with IoT, biometrics, and enterprise management systems.
Blockchain offers an efficient and transparent way to improve the operations, distribution, and data management for energy companies. Decentralized networks may help promote sustainable and private energy generation alternatives.
Smart contracts are computer codes that can execute automatically and autonomously according to the contract terms. These may transform legal processes by adding transparency, efficiency, and immutable registries.
Government institutions can deploy blockchain technology to leverage its transparency and immutability features to increase trust between the public sector and the citizens. It also allows a cost-efficient way to register data and accountability.
Media and Entertainment
The blockchain’s capabilities to securely and immutably store registries can help reduce piracy and disputes. Also, blockchain can protect IP and improve traceability of payments and content distribution.
Healthcare and Insurance
Blockchain technology offers improved efficiency, traceability, and security to store medical and other sensitive data from patients. Smart contracts help reduce costs for insurance claims processing.
Leverage real estate investments with blockchain technology by creating new business models. Blockchain helps integrate digital assets for liquidity and streamline investor relations and portfolio management.
Blockchain in sports offers a great way to increase fan engagement, promote active participation in decision-making, and monetize through new streams such as player content and collectibles.
Choosing an Enterprise Blockchain
There are several enterprise blockchain platforms in the market with different characteristics and capabilities. The following is a list of some key features you must consider when choosing what blockchain platform is the most suitable for your organization:
Can your team use their experience with programming languages, or do they need to learn a new one?
Would the organization see a significant reduction in costs by integrating smart contracts or simplifying the data sharing process?
How are the blockchain’s security and confidentiality protocols different from others’, and how does it handle transparency?
Speed or throughput
How quickly does your solution need to be? Are you a high-frequency trading company, or can you afford longer block confirmation times?