Blockchain technology is now the central theme of discussions and debates in the technological arena with the rise of new public regulations and decentralized exchanges. Initially gained momentum as a technological foundation for bitcoins, the technology possesses huge potential as an encrypted database structure for bridging security gaps and reducing costs in various industries that are dependent on intermediaries. As the implementation of blockchain technology is gaining steam, companies across industries are gearing up for blockchain’s eventual adoption into mainstream businesses and processes.
The finance sector is at the driving seat when it comes to the adoption of efficient and innovative blockchain solutions. However, many other industries like supply chain and logistics have started leveraging the technology for improved efficiency and transparency in business-to-business interactions. The distributed digital ledger offers impeccable data security as the data can be procured even if a system in the network gets compromised. Companies using IoT networks have also started using this technology for its robust and scalable security features, enabling reduced costs and faster transaction speeds. The use cases of the technology are enormous, and with a plethora of other applications, blockchain technology can disrupt traditional business processes. Amid these developments, blockchain technology solution companies have larger role to play and simplify the transition from the conventional mechanisms.
In order to help companies seeking to embrace blockchain and integrate it with other emerging technologies and their existing ecosystem, a distinguished panel comprising CIOs, CEOs, CTOs, and the CIO Applications editorial board has reviewed numerous blockchain technology vendors and selected the outstanding ones. The companies have been identified based on the quality of their solutions and services, besides client satisfaction record. In this edition of CIO Applications, we present to you “Top 25 Blockchain Technology Solutions Providers-2018.”