Digital transformation is often enabled by many technologies, in a smartly integrated framework. One such technology, is Blockchain.
Blockchain is digital ledger of transactions that is duplicated and distributed across a network of connected computers (nodes). Each and every time a new transaction occurs on the, a record of that transaction is verified by participants and then added to the ledger as a block. The decentralized database managed by multiple participants is known as Distributed Ledger Technology (DLT). Transactions (blocks) are recorded with an immutable cryptographic signature.
• Blockchain, due to its ability in fostering trust, helps enabling new ways of engagement
• There can be more opportunities through new revenue models with Blockchain implementation
• Blockchain leads to competitive edge for your business
The main reasons as to why Blockchain is gaining importance are:
• ICBS opens many possibilities on transforming processes for your business with Blockchain
• With the expert consulting from ICBS, your business can adopt Blockchain
• ICBS can demonstrate increased business value for your company through cutting edge technology implementation
• ICBS can implement Blockchain technology for your company
• In Healthcare, the real value is in medical records; and Blockchain helps in tracing & tracking
• In FMCG & Retail, Blockchain helps in automated smart contract implementation. Another use case in this
industry is the ability to trail the record of goods sources and movement
• Blockchain can be of tremendous value in Law, Accounting and Tax auditing firms.
The above are just few of the ways in which the disruptive and transforming capabilities of Blockchain technology are applied by ICBS in some of the industries for better business value creation.
To get more information on how Blockchain can transform your business, do reach ICBS by filling the form below.