Blockchain already is an integral and vital tool upon which—and with which—new, innovative solutions are being created, and the Survey shows confidence amongst respondents that blockchain solutions will gain even greater traction within the global business community over the next 12 to 24 months.
Blockchain is a disruptive technology.
In fact, it undermines old ways and habits of tracing (or not tracing) the
exchanges carried out within a process, ensuring transparency and being able to
allow the information to remain unalterable." It is not like many people
think of new technology, given that after the first implementations related to
cryptocurrencies and therefore to the famous bitcoins, applications in the
world have spread and are now important and easily accessible even by small and
medium-sized enterprises.
What is the link between Blockchain and Sustainability?
The link is undoubtedly strong and in
some cases quite evident. Having a mechanism that allows transactions to be
carried out safely not only simplifies relationships between subjects but
improves interoperability and solves trust problems between companies by
improving their operations.
What developments can we expect with the
growth & adoption of Blockchain?
If it is true that the application of
this technology is already a reality today, it is also true that we will see a
big push in the next two or three years. And then the most interesting part
will be in working on the integration of the different Blockchains (such as Hyperledger
and Ethereum) and also of those with systems that do not use Blockchains. One
of the best things about our job is to find out how technologies and their
applications evolve and how our partners will work.
Blockchain could slash the cost of
transactions and eliminate intermediaries like lawyers and bankers, and that
could transform the economy. But, like the adoption of more internet
technologies, Blockchain’s adoption will require broad coordination and will
take years.
We hope you have found this article
informative and interesting. For more information or queries contact us to know
more about this technology.
Create greater connectivity acrosssupply chain networks with our Blockchain services.
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