The growth trajectory of blockchain for the past few years have been astonishing and breathtaking. From a technological perspective, it has pushed new boundaries and new-fangled opportunities for organizations across all the industries. Blockchain’s outstanding ability to solve challenges around data security and storage, supply chain monitoring, product tracking, and document forging has gotten businesses of all sizes to invest in decentralized cryptographic systems. Overall, the blockchain is expected to grow exponentially in the coming years.
The decentralized architecture of blockchain opens new transaction avenues, which are secure and safe as no single user is given the sole and last authority to carry out any edition, deletion, or modification in the data string in any way possible. When it comes to transferring data across the globe, be it international or domestic, blockchain provides a secure framework for communication between various devices based on its distributed and cryptography concept, ultimately yielding high resistance to cyber attacks and breaches.
On the financial side, the distributed ledger technology addresses the issue of siloed online transaction methods in an efficient manner, thereby enhancing transaction transparency, savings the cost, and simplifying the transfer operations. Moreover, by eliminating the tedious manual process of mutual fund sectors, blockchain saves a significant amount of monetary funds for all the organizations involved in the transaction.
But blockchain is not limited to transactions services. Blockchain integrated with tools that offer digital monitoring and analytics solutions in real-time can further improve organizations processes, efficiency, and productivity. Blockchain vendors are even converging with the internet of things (IoT) to enhance the log and monitoring of communications and transactions. BaaS is a cloud-based service that allows customers to build their blockchain powered products including apps, smart contracts, and use other blockchain features without the need for setup, manage or execute blockchain-based infrastructure. Blockchain technology is also playing an enormous role in track and trace counterfeiting of products in real life. Be it healthcare, retail, or supply chain, blockchain offers them the ability to trail substandard and forged products that enter the market.
While blockchain is a highly anticipated technology that has entered the market, much more needs to be unlocked and unearthed to tap the full potential of this revolutionary technology. This edition of CIO Applications explores the top-notch blockchain solutions providers that are transforming every industry vertical with their offerings. Realizing the life-changing benefits of blockchain, a distinguished panel comprising of CEOs, CIOs, VCs, and analysts along with the editorial panel of CIOApplications brings the top 25 blockchain solution providers to the forefront to help executives make the right decision while adopting blockchain. All of the selected vendors are at the top in their respective field and have vast experience in providing solutions that accelerate business growth and customer satisfaction. Moreover, these solution providers not only stay updated with the current blockchain trends and customer requirements but also ensure to readily adopt and offer solutions that might enter the blockchain market in the future.
We present to you CIOApplications’ ‘Top 25 Blockchain Technology Solution Providers -2019.’
