With technology rapidly advancing and becoming smarter, many complex and intuitive solutions are being developed. Within the digital arena, blockchain technology possesses significant potential in the vast ecosystem of cross-industry use cases. Technology companies and government agencies alike are developing blockchain-based applications to realize its benefits.
As a distributed database that maintains a continuous list of transactions or records, blockchain technology’s impact on the financial industry is significant. Apart from this, blockchain can be leveraged in several other domains including the global logistics and supply chain industry to optimize efficiency and increase transparency in business-to-business interactions. It can also provide a scalable and robust security framework for the internet of things (IoT) networks, while also reducing costs and improving transaction speeds. Further, the integration of blockchain within the IoT construct will prevent malicious attacks through single points of failure. The applications of blockchain are vast and its potential to transform industries businesses is enormous.
In order to help the 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 Solution Providers – 2018.”