Blockchain in business

[Somicmaster]

Well it is incredibly important that policy of each ICO project is questioned. Discounts are often used to attract investors to get involved early on; However, there comes a point where a discount begins to encourage flipping. Sad but true

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[entrepmind23]

With the recent amount of ICOs and cryptocurrencies you'd think that blockchain is for everyday consumers and investors only. However business-to-business use cases are more relevant and beneficial.  

Here are some recent examples of business usecases for blockchain.Companies like IBM are pioneering the way, but silently and without hype. So are the banks.  

I know people have mentioned 'transparency' and 'immutability'. But that doesn't mean much. What blockchain does is this: reduces uncertainty. If you have uncertainty, blockchain will do a great job of reducing it.It creates trust and effeciency. Simple.

Blockchain is a great help for businesses especially for those information that needs transparency so that they can immediately act upon it. It would create efficiency and prevent double spending in case of recording the transactions because blockchain would be able to prevent that as it can detect if it is already recorded or not. One of the example would be in supply management wherein one supplier ships goods to its customer and it would be a big help if the customer and supplier would be able to track the goods in real time so that they will not be compromise with their promises to their customers.

Due to the creation of smart contract, anything of value can be transmitted through blockchain which would create efficiency and real time monitoring of information by both parties involve without the need of a middleman so it would result to a reduction of cost which is favorable to businesses. Sooner or later, blockchain technology would not be the exception anymore as it would be the norm and the old system will be the exception.

[Rocktop044]

Blockchain offers transparency to your business. It would soon be a global tool.

[da7a1oad3r]

Blockchain offers transparency to your business. It would soon be a global tool.

You're not correct, not every business need blockchain. It's a lot of noise nowadays and everybody want his company been a progressive blockchain project but really at least 50% of that companides just don't suit to blockchain, they don't need it

[malihung]

transparency and security

[vakie1]

Trans, payment, security... Its important.

[Somicmaster]

Companies in financial services, healthcare, energy and other industries are sprinting to begin adopting blockchain — the technology behind Bitcoin that promises to improve efficiency in numerous processes

[Wahyud11]

blockchain technology can be exploited widely to advance businesses and companies.
For example, Singapore is utilizing blockchain technology to assist in terms of business activities at the port. This technology can be utilized to shorten the waiting period of the ship or dwell time, also to verify transactions related to export and import.

[#MagnusCrypto]

Watch the example IBM uses on Food Safety for Walmart https://www.youtube.com/watch?v=bux7rKTh98k. They state that blockchain can help with the transparency of food that goes a long cycle before becoming a consumable product for people. With the food example, you can learn every detail from growth to packaging and who was responsible for it. So, you can easily trace anything and prevent fraud or any mistake.

[jahn_quid]

With the recent amount of ICOs and cryptocurrencies you'd think that blockchain is for everyday consumers and investors only. However business-to-business use cases are more relevant and beneficial.   

Here are some recent examples of business usecases for blockchain.Companies like IBM are pioneering the way, but silently and without hype. So are the banks. 

I know people have mentioned 'transparency' and 'immutability'. But that doesn't mean much. What blockchain does is this: reduces uncertainty. If you have uncertainty, blockchain will do a great job of reducing it.It creates trust and effeciency. Simple.

Guys like IBM can pioneer without the hype because: 1) they don't immediately care about cryptocurrency today because they have the cash, and so they're more interested in building the technology now; and 2) they have B2B and corporate use cases where they can make the expenses back sooner.

While there are scams in the ICO world, many of these projects are also legitimate and just lack the deep pockets that corporations like IBM have. Although there are certainly problems with trust and reliability, I think ICOs have shown that individuals are getting closer to having their hard-earned money truly go to the causes they support (with help from previous iterations like IPOs, stocks, crowdfunding, etc.).

[permadi]

I think it's pretty much the application of blockchain for the necessities of life, as well as business, try joining the group developers blockchain and sharing information about the business to be created and application, I joined the group of blockchain developers, you can also attend a seminar organized by a platform that carries the theme of blockchain..

[Allison Jane]

Businesses are moving their data from on-premise servers to cloud. And second, as the block- chain assets’ market like crypto-currencies is getting traction, the business decision makers are planning to diversify their assets and invest in the crypto-currencies. The commercial security products and crypto-currency wallets available in the market today, rely on encryption-based security using a single private key that is stored either on a local computer or an external cloud server. If the key is lost, stolen or hacked, the digital asset is lost. This creates the need for an enterprise class solution that provides a more robust and unified security solution not only for the digital assets like documents, files, emails etc. but also for the crypto-currency assets stored in the cloud.

Security breaches in external cloud servers, internal and external intrusions and hacking by individuals and foreign governments poses a critical threat to the enterprise data stored on commercial cloud servers.

The security of the cloud server is managed by the cloud service providers and the companies have little control over the security of their data and no significant legal remedies if their data or crypto currency assets are compromised on the cloud server.

website: cloud-fish.io

[ngoan]

Blockchain in trading at fast. I want to adim faster to handle the trade promptly

[KosMas]

This is very good question, our application is blockchain for transportation. But it will take time for companies to grow on the blockchain infrastructure. For transportation the benefits are credibility (for vehicles or transport companies, risk sharing (cars insurance for example) and finance eco-system (because new vehicles usually connected with bank loans etc.).

[New_Balance]

The technology of blocking is used for protection and data transmission. That's the answer to your question. The system is blurred and transparent.

[Jenni5]

The best example of Blockchain applied to business is Alluma. It is a platform for trading and exchanging cryptocurrency. Visit https://alluma.io for details
Follow on Bitcointalk: https://bitcointalk.org/index.php?topic=4789065

[LangleyBlockchain]

I work alongside an "Official BlockChain Development Center"; here in Florida. Can we arrange a Video call?

[ricardobs]

I don't understand how blockchain could be applied into business. Anyone has a real life example of the advantage of a smart contract?

Smart contracts have made it easy to enroll business along with the blockchain technology. Etherum platform offers us the ability of managing any business with blockchain with it's smart contract services. A creditable token is been created written by smart contract which is then deployed on the network and made available for the community to transact with.

This could also be considered as the coin or payment method of the specific business. Funds are been raised with similar coins and the entire business is been backed with the blockchain technology making it more effective and smother. With those created tokens/coins, the ones owning those coins would would some share in the industry itself.

[thereader]

We, with partners, used a smart contract when creating a company. Brought into it the principle of distribution of profits.

[futile-resistance]

Blockchain in trading at fast. I want to adim faster to handle the trade promptly

"Fast' would be the answer to the OP's question. A lot newer Industries are adapting blockchain technology to make their internal transactions much more faster and smoother. There are a lot of benefits for enrolling Blockchain into our business. Blockchain transactions are faster than long distance fiat transactions so enrolling blockchain into business also makes it able to peoples across the globe to join the business and invest into them. Blockchain markets are growing rapidly and so is growing the volume. A lot of peoples are joining the blockchain technology so I think that more Industries would collaborate with the blockchain technology to expand their firms.