Apac
  • Home
  • CXO Insights
  • CIO Speaks
  • Partner Conferences
  • Newsletter
  • Subscribe
  • News
  • About us
Apac
  • Admired Tech

    Agile

    AI Healthcare

    Artificial Intelligence

    Augmented Reality

    Aviation

    Big Data

    Blockchain

    Cloud

    Cyber Security

    DevOps

    Digital Transformation

    Drone

    HPC

    Internet of Things

    IT Services

    Marine Tech

    Networking

    Plastic Tech

    PropTech

    Robotics

    Sensor Tech

    Simulation

    Smart City

    Software Testing

    Startup

    Storage

    Unified Communication

    Web Development

    Wireless

  • Automotive

    Banking

    Capital Market

    Compliance

    Construction

    Custom Software Development

    E-Commerce

    Education

    FinTech

    Food and Beverages

    Gov and Public

    Healthcare

    Insurance

    Legal

    Logistics

    Manufacturing

    Media and Entertainment

    Metals and Mining

    Pharma and Life Science

    Retail

    Sports

    Travel and Hospitality

  • CISCO

    Google

    IBM

    Microsoft

    Oracle

    Salesforce

    SAP

    ServiceNow

  • Business Intelligence

    CEM

    Cognitive

    Collaboration

    Contact Center

    Corporate Finance

    CRM

    Data Center

    Digital Signage

    Enterprise Architecture

    Enterprise Asset Management

    Enterprise Communications

    Enterprise Performance Management

    ERP

    Facility Management

    Field Service

    Fleet Management

    Gamification

    HR Technology

    IT Infrastructure

    IT Service Management

    Managed Services

    PLM

    Procurement

    Project Management

    RegTech

    Revenue Management

    Sales Tech

Menu
    • Amazon
    • Cloud
    • HPC
    • Capital Market
    • Collaboration
    • CEM
    • Drone
    • Facility Management
    • Fleet Management
    • Food and Beverages
    • Business Intelligence
    • IBM
    • Insurance
    • IT Infrastructure
    • Legal
    • Marine Tech
    • Networking
    • Plastic Tech
    • Procurement
    • RegTech
    • Sensor Tech
    • Simulation
    More
    Fleet Management Food and Beverages Business Intelligence IBM Insurance IT Infrastructure Legal Marine Tech Networking Plastic Tech Procurement RegTech Sensor Tech Simulation
    #

    Apac CIO Outlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIO Outlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    • Home
    • News
    • Security
    Editor's Pick (1 - 4 of 8)
    left
    The Organization's Responsibility for its Own Protection

    Michael Wallmannsberger, Chief Information Security Officer, Wynyard Group

    Don't Rush to Hire an Anti-DDoS Expert!

    Barry Greene, Co-founder and Chief, Technical Officer, GETIT

    Attaining the Needs of Infrastructure Investment

    Yong Chiang Neo, CIO

    Constructing a Marketing IT Collaboration

    Jenny Williams,

    The Organic Adaptability of IT

    Pedro Sttau,

    The Weakest Link Is Your Strongest Security Asset

    Christian Anschuetz, CIO & Security Practitioner, UL

    Achieving Greater Business Value with Innovation

    Denise A. Saiki, CIO& VP Enterprise Business Services, Lockheed Martin

    Using Data Analytics for Loss Prevention

    Jonathan Lowsley, CIO, ADrive

    right

    Blockchain's Impact on Business Growth

    By Apac CIO Outlook | Tuesday, January 22, 2019
    Tweet

    Like all advancements, the evolution of blockchain was minimal and slow in the beginning and was easy to ignore. As it evolved to what it is, its current potential is realized.  The advent of blockchain technologies is steadily gaining traction over numerous applications by helping in analyzing the transactions, time taken to complete the task, mistakes, and frauds.

    The blockchain technology helps to exchange value electronically without needing any mediator or a trusted partner. It has several applications; the best present example is the bitcoin. The technology improves transactional productivity and security; it also helps reduce downtime in the supply chain, if any.

    A transaction on the blockchain can correspond to the purchase of a cup of coffee, a new automobile, or the transfer of a large number of stocks from one portfolio to another. In business, it helps to track order shipments, the payment, and other sensitive information can be saved securely. So, this allows companies to save time in administration over time as well as money. The blockchain technology is used in smart contracts, which is of use in the supply chain and commodity industry. A smart contract is an automated contract that applies pre-defined rules to optimize a transaction.

    Despite being such a helpful resource for businesses, it has some disadvantages as well. There are multiple consortiums in place, and new ones are created every day. Interoperability and standards don’t exist per se and are being evolved. Besides, some of the use cases incorrectly apply blockchain in areas where they could have been solved using alternatives. Many of these challenges are being overcome, and the industries are witnessing breakthroughs in this space.

    The application of blockchain technology is not confined to businesses alone, but they can be used by the governments too. A clear example is that of digital voting which ensures that a genuine person is casting his vote and the process is entirely fair and transparent. Considering the variety of solutions that this technology renders, it has become an attractive proposition for businesses across diverse domains.

    Read Also

    Preventing Malware Dangers for Your Company's Macs

    Preventing Malware Dangers for Your Company's Macs

    Identifying Trojans and Stopping Them

    Identifying Trojans and Stopping Them

    Five Security Measures to Overcome API Vulnerabilities

    Five Security Measures to Overcome API Vulnerabilities

    RSA Conference 2018 APJ to Address Pressing Issues Impacting the Region's Digital Present and Future

    RSA Conference 2018 APJ to Address Pressing Issues Impacting the Region's Digital Present and Future

    Weekly Brief

    loading
    ON THE DECK

    Business Intelligence 2019

    Top Vendors

    Education 2019

    Top Vendors

    Project Management 2019

    Top Vendors

    Previous Next

    Copyright © 2019 APAC CIOoutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy Policy  |  Sitemap

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/blockchains-impact-on-business-growth-nwid-5964.html