APAC CIOOutlook

Advertise

with us

  • Technologies
      • Artificial Intelligence
      • Big Data
      • Blockchain
      • Cloud
      • Digital Transformation
      • Internet of Things
      • Low Code No Code
      • MarTech
      • Mobile Application
      • Security
      • Software Testing
      • Wireless
  • Industries
      • E-Commerce
      • Education
      • Logistics
      • Retail
      • Supply Chain
      • Travel and Hospitality
  • Platforms
      • Microsoft
      • Salesforce
      • SAP
  • Solutions
      • Business Intelligence
      • Cognitive
      • Contact Center
      • CRM
      • Cyber Security
      • Data Center
      • Gamification
      • Procurement
      • Smart City
      • Workflow
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Artificial Intelligence

    Big Data

    Blockchain

    Cloud

    Digital Transformation

    Internet of Things

    Low Code No Code

    MarTech

    Mobile Application

    Security

    Software Testing

    Wireless

  • E-Commerce

    Education

    Logistics

    Retail

    Supply Chain

    Travel and Hospitality

  • Microsoft

    Salesforce

    SAP

  • Business Intelligence

    Cognitive

    Contact Center

    CRM

    Cyber Security

    Data Center

    Gamification

    Procurement

    Smart City

    Workflow

Menu
    • Cyber Security
    • Hotel Management
    • Workflow
    • E-Commerce
    • Business Intelligence
    • MORE
    #

    Apac CIOOutlook 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 CIOOutlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    New: Blockchain Solutions That Offer a Profitable Growth

    Blockchain technology is a decentralized platform for innovation and is gradually revolutionizing every industry, There are many ways wherein we can utilize the blockchain's offerings. Let's have a look!  

    New: Blockchain Solutions That Offer a Profitable Growth

    By

    Apac CIOOutlook | Thursday, January 01, 1970

    Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.

    Blockchain technology is a decentralized platform for innovation and is gradually revolutionizing every industry, and for this reason, it has become one of the dominant technologies in today's time. Many big firms are investing in Blockchain to assess its potential and to survive in the competitive world.

    The blockchain is a secured procedure, and therefore companies are investing in it to make their transactions fast, efficient and secure. Herein each member holds the same copy of the record, and hence it's not possible to alter any document, and even if someone tries to do it, everyone in the network will know. There are many ways wherein we can utilize the blockchain's offerings. Let's have a look!

    Blockchain Solution's that offer Profitable Growth:

    •   Smart Contracts

    Blockchain entirely cuts the need for any intermediaries. Blockchain-based smart contracts can assist with transferring of money, share, assets or anything of value without depending on a third party. The smart contracts are digital contracts where the two parties if plan to exchange assets or value in the future, all preconditions, payouts will be programmed into a smart deal.

    Hence, as soon as the preset conditions are met, a secret communication is held between the parties and then the money is transferred. Moreover, these contracts are faster, more efficient, cheaper and remove errors which exist in manual processes.

    •   Digital Identity

    Numerous instances of fraudulent activities are occurring in the insurance sector because outdated and traditional frameworks are being used to check and authenticate a person's identity. Different sectors, for example, banking, healthcare, and online retailing have a variety of security issues. These issues can cause significant losses to an organization. Blockchain tracks and deals with these digital identities in a well-defined and secure way.

    •   Digital Voting

    Online voting also comes with a major concern for the security. Blockchain implementation can be a success in this platform as well as it eliminates any fraud and manipulation in the recorded data. Also, as the data is decentralized, it is impossible to tamper with the data.

    •   Cloud Storage

    Certain cloud storage services use centralized systems and users are obliged to trust a single authority as all the online assets are under their control. Blockchain technology for cloud storage can be a complex data structure, but with this technology, the data is fully decentralized as it is stored on multiple nodes across the globe.

    •  Ensuring secure Internet of the future

    The blockchain's unique feature is that it provides protection to an unsecured internet where Distributed Denial of Service (DDOS), phishing, spam, hacks, and other malicious attacks can put in danger the way business is done globally. Another major benefit of blockchain application is to bring down unethical business practices. For example, a blockchain 'smart contract' in which real estate documented data cannot be hidden or deleted by any authority, protecting the owner from any malpractices.

    More in News

    AI's Role in Apac's Digital Transformation Journey

    AI's Role in Apac's Digital Transformation Journey

    Role of Blockchain in Fostering a Trust-Based Economy

    Role of Blockchain in Fostering a Trust-Based Economy

    Revolutionizing Healthcare Through 5G Technology

    Revolutionizing Healthcare Through 5G Technology

    The Journey Towards Smart City Development

    The Journey Towards Smart City Development

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Copyright © 2025 APAC CIOOutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    Home |  CXO Insights |   Whitepapers |   Subscribe |   Conferences |   Sitemaps |   About us |   Advertise with us |   Editorial Policy |   Feedback Policy |  

    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/new-blockchain-solutions-that-offer-a-profitable-growth-nwid-5617.html