How bitcoin is good for enterprise ?

[baazouzia]

Dear ALL,

I was struggling some days ago..
I need to make a presentation about bitcoin in Enterprise...l read a lot about it but I couldn't find in google how bitcoin is good for companies ?

It's good for individuals (anonymous, low taxes, fast) but for companies (Banks, ITs, Assurances...)?

regards,

[xhomerx10]

Dear ALL,

I was struggling some days ago..
I need to make a presentation about bitcoin in Enterprise...l read a lot about it but I couldn't find in google how bitcoin is good for companies ?

It's good for individuals (anonymous, low taxes, fast) but for companies (Banks, ITs, Assurances...)?

regards,

 Why do you need to make this presentation?  Is it for an employer, school or just general interest?  Do you have an outline of what your presentation should focus on?  What type of people will you be presenting to?

[baazouzia]

it's for university presentation (the professor is a banker)

I should focus on advantages of bitcoin in actual companies and for new business.

[jeraldskie11]

Dear ALL,

I was struggling some days ago..
I need to make a presentation about bitcoin in Enterprise...l read a lot about it but I couldn't find in google how bitcoin is good for companies ?

It's good for individuals (anonymous, low taxes, fast) but for companies (Banks, ITs, Assurances...)?

regards,

Also the Bitcoin for enterprises. If you have an experience for that then go for that because you have a interest for just go for search in this forum maybe it could help you or in the Google.

[BingoDog]

Bitcoin is good for small enterprises, it's makes their business easier and more competetitve on the market. They can use it to finance and support new business ideas. I'm not sure how can it help the banks, they stil think Bitcoin is their enemy but if they accept it that would be another service they could offer to their clients and make the money.

[franky1]

legal tender (fiat) if in a bank account. is tied to regulations. the regulations are tied to the government of the location.
moving legal tender across borders can be a headache.

bitcoin however can be treated as:
a weightless asset reserve (like a gold reserve but without needing a lorry or muscles to move it.. without vaults and armed guards to secure it)
a tax haven
personal 'trust fund'
travellers cheque

things you can do with bitcoin:
declare baskets of 0.00xbtc as shares/bonds of stock. (research coloured coin)
set up a trust where 2 parents/trustees can sign, and then fund it by anyone/anytime they like to then pay out to beneficiary  (research multisig)
used as a global payment. eg all remote workers are paid xbtc a fortnight. thus not having to use different banks to pay different countries

what are other possibilities:
remittance markets
new/expanding industries: consulting, ASIC manufacturing, training, conventions, etc

employment expansion:
IT, customer service, trainers, designers, manufacturers etc

efficiency gains:
retailer: no chargebacks, no creditcard processing subscriptions, no 'card decline', etc
homeless: having a QR code paper sign allows them to accept electronic payment. not just metal pennies
unbankable: able to store value even if a bank refuses due to no ID or bad credit

businesses:
automating manufacturing by robots making/packaging as soon as payment seen on blockchain. so less need for staff
accounting/auditing more transparent. less need for staff
no need to securely store customer creditcard info, meaning less servers, less data protection headaches

are are many more. its just bitcoin is still in the 'innovation' category. all possibilities have not been recognised/thought of yet.

[xhomerx10]

it's for university presentation (the professor is a banker)

I should focus on advantages of bitcoin in actual companies and for new business.

 Banks aren't really looking at Bitcoin per se but they are interested in blockchain technology.  The Bank of England released a study concerning a Central Bank Digital Currency this past summer.  Here is a link to that paper. 

 Just a few thoughts you might expand on:

 1) Bitcoin transactions are relatively cheap as compared to the current banking network alternatives (though I'm sure it would translate into more profit for banks to reduce their transaction costs)

 2)  Transactions can be settled much faster than debit and credit transactions.  Typically, settlement from debit and credit cards takes 3 days whereas settlement from a Bitcoin transaction can be completed within an hour (for an average of 6 confirmations to occur).  Note that I am writing about settlement; the authorization of a payment with a credit or debit card takes mere seconds.

 3) Safe, secure and accessible record keeping (which doesn't have a single point of failure) is done for you by others competing for the block reward.

 4) You can join and leave the network as you wish and those records will be kept for you by others and will accessible by you when you wish to return.

 5) International payments are much easier and less costly since inter-currency exchange rates should not apply. (thought the banks love an excuse for those service charges)


 Maybe others will weigh in on this discussion.  I am by no means an expert.
I have used SWIFT to transfer a rather large sum of money to Europe and it took a week to arrive and cost me about 2.5% exchange rate conversion charges plus a $50 bank service charge.  It ended up at the wrong branch and it hadn't been converted to the local currency!  That was my first and last experience with SWIFT.
 

[Vhern]

Maybe you can focus on blockchain and avoid bitcoin because bitcoin have some weak points and that's why a lot people use it.

I think the best way to make this presentation is reading a lot of stuffs, just google it and you will find good contents.

[Selly Arumsari]

Dear ALL,

I was struggling some days ago..
I need to make a presentation about bitcoin in Enterprise...l read a lot about it but I couldn't find in google how bitcoin is good for companies ?

It's good for individuals (anonymous, low taxes, fast) but for companies (Banks, ITs, Assurances...)?

regards,

what is difficult ? bitcoin is currency not only be used to transaction but to get profit too
for companies bitcoin can add the capital

[(altair)]

It is good for enterprises because it will help to promote the awareness of bitcoin to people. People will be curious about what is bitcoin so they will research about it and some of them will also start using it. If more people will use bitcoin, its value will rise even more tham today. Then it will be good for us bitcoiners if bitcoin's value will rise even more.

[goldcoinminer]

It is good for enterprises because it will help to promote the awareness of bitcoin to people. People will be curious about what is bitcoin so they will research about it and some of them will also start using it. If more people will use bitcoin, its value will rise even more tham today. Then it will be good for us bitcoiners if bitcoin's value will rise even more.

I certainly agree with your idea on that, we are helping bitcoin to be more successful. If people will be aware about bitcoin, they will be curious about  it and since it's easy to learn as the information are written in the internet, we could possibly attract adopters.

[davis196]

Dear ALL,

I was struggling some days ago..
I need to make a presentation about bitcoin in Enterprise...l read a lot about it but I couldn't find in google how bitcoin is good for companies ?

It's good for individuals (anonymous, low taxes, fast) but for companies (Banks, ITs, Assurances...)?

regards,

Bitcoin isn`t good for companies right now and that`s why it`s growing so slow.

There are no incentives for the companies to adopt and use bitcoin.

Many countries still refuse to accept bitcoin as a currency.

[requester]

For banks out it's not safe because it's price hero's fluctuating so when price will be low user will buy bitcoin and then bank would suffer losses so bank should start away from bitcoin. Well they could get profit too but I don't think bank will take risk.

[Harlot]

Bitcoin could be a lot use for Individuals than any companies, well for some individuals they will only deal their Bitcoin if the price is high. While the companies who accept Bitcoin for that price will have to deal with it's vilatility before they can convert it to Fiat. I would say it is some sort of disadvantage for them. But accepting Bitcoin by many company will be a big step for it's price to be stable.

[~Bitcoin~]

It depends upon what type of enterprises/business you are trying to explain benefits of using bitcoin. For most of the business specially for local merchants who accept card payments have to pay monthly fee to POS service provider along with heavy fee when accepting credit card payments. Also those payments are subject to risk of getting charge backs/use of hacked credit cards.

Using bitcoin those merchants can accept payment without any risk of charge back as well as they don't have to buy POS machine or pay for service providers/credit card companies heavy fee or charge.

[n0ne]

Bitcoin as a digital currency gives you better business when services were provided for bitcoin. How it works is based upon the attention grabbing from bitcoin users who have been thinking long to get services for bitcoin.

[pinkflower]

Dear ALL,

I was struggling some days ago..
I need to make a presentation about bitcoin in Enterprise...l read a lot about it but I couldn't find in google how bitcoin is good for companies ?

It's good for individuals (anonymous, low taxes, fast) but for companies (Banks, ITs, Assurances...)?

regards,

It's not. So I advice not to do the presentation so that you will not risk emabarassing yourself and look stupid. If the banks are currently willing to serve the said enterprise then there's no need for BTC.

[densuj]

Dear ALL,

I was struggling some days ago..
I need to make a presentation about bitcoin in Enterprise...l read a lot about it but I couldn't find in google how bitcoin is good for companies ?

It's good for individuals (anonymous, low taxes, fast) but for companies (Banks, ITs, Assurances...)?

regards,

Well... Company will be survive if It following new technology, new innovations, news and other something new. Bitcoin is something new in the world and can be called new money user's bitcoin around the world, you can imagine if one company has costumers around the world and they can buy the product using bitcoins, the company will growth.

[avatar_kiyoshi]

Dear ALL,

I was struggling some days ago..
I need to make a presentation about bitcoin in Enterprise...l read a lot about it but I couldn't find in google how bitcoin is good for companies ?

It's good for individuals (anonymous, low taxes, fast) but for companies (Banks, ITs, Assurances...)?

regards,

http://www.forbes.com/sites/hpeenterprisenxt/2016/11/01/all-about-blockchain-and-why-its-a-bigger-deal-than-bitcoin/#7aef5fe66bc3
https://bitcoinmagazine.com/articles/new-study-reveals-bitcoin-economy-maturing-to-mainstream-enterprise-1469640897

Bitcoin have innovative solutions for your better bank, also it's better for adopt to enterprise business, you can have a benefit from using it.
• it's cheap, even you can used micro payment.
• faster transaction to sent worldwide than other payment processor.
• the design is decentralization which it's don't need 3rd party.
• easy to use just as copy-paste and click.
• don't need create account, just protect your device from any malicious thing.
• the price is more valuable, but vulnerable volatile.

For more learning about bitcoin:
https://en.m.wikipedia.org/wiki/Bitcoin
https://bitcoin.org/en/

[Kprawn]

So you going to work for a bank some day? You could not have chosen a worst profession... The banks are the reason why Bitcoin exist.

Satoshi created Bitcoin to have a P2P network where people deal with each other, without a middleman or third party. The banks are the

barrier to entry for millions of poor people. They are also the reason why a lot of people are poor. Bitcoin and other similar technologies will

one day, disrupt Banks. You will not need them to trade.... So why would you want to work for them?