Apac
  • Home
  • CXO Insights
  • CIO Views
  • News
  • Conferences
  • Newsletter
  • Whitepapers
  • About us
Apac
  • Admired Tech

    Agile

    AI Healthcare

    Artificial Intelligence

    Augmented Reality

    Aviation

    Big Data

    Blockchain

    Cloud

    Cryptocurrency

    Cyber Security

    Digital Transformation

    Drone

    HPC

    Infrared

    Internet of Things

    Networking

    PropTech

    Remote Work

    Scheduling Software

    Simulation

    Startup

    Storage

    Wireless

  • Banking

    E-Commerce

    Education

    FinTech

    Food and Beverages

    Healthcare

    Insurance

    Legal

    Manufacturing

    Pharma and Life Science

    Retail

    Travel and Hospitality

  • CISCO

    Microsoft

    Oracle

    Salesforce

    SAP

    ServiceNow

  • Business Intelligence

    CEM

    Cloud-based Planning

    Cognitive

    Compliance

    Contact Center

    Contact Tracing

    Contactless Payments

    Corporate Finance

    CRM

    Custom Software Development

    Data Center

    Enterprise Architecture

    Enterprise Communications

    Enterprise Contract Management

    Field Service

    HR Technology

    IT Service Management

    Managed Services

    Procurement

    Product Management

    RegTech

    Revenue Management

Menu
    • CISCO
    • Collaboration
    • Compliance
    • Contact Center
    • Healthcare
    • IT Service Management
    • Microsoft
    • Retail
    • MORE
    #

    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
    • Blockchain
    Editor's Pick (1 - 4 of 8)
    left
    Supporting Business with the Right Technology

    Andy Jurczyk, CIO, Seyfarth Shaw LLP

    A Closer Look at Block Chain Technology

    John Shea, CIO, Eaton Vance

    How 5G + blockchain + IoT + Mobile apps and devices are about to lead us to a

    Maurice Audinet, Head of Digital Transformation, Jurlique Hong Kong Limited

    Crypto Exchanges: The Markets Unsung Hero

    Lennix Lai, Financial Market Director of Okex

    How Could DLT Redefine Roles in Post-Trade?

    Boon-Hiong Chan, Head of Market Advocacy, Securities Services, Deutsche Bank

    Blockchain - Based Financial Service Applications

    Boon-Hiong Chan, Director, Head of Business Control Unit & Market Advocacy, APAC, Deutsche Bank

    Powering Industries with Blockchain

    Gopalakrishnan P, Development Leader, Blockchain Solutions, IBM Industry Platforms

    Knowing How to Approach Blockchain

    Thomas Jakob, Regional President Asia Pacific, Bosch Software Innovations

    right

    Revolutionizing Business Communication Networks with Blockchain Technology

    By Apac CIO Outlook | Tuesday, June 16, 2020
    Tweet

    Blockchain technology was first launched in 2009, and it consists of records of transactions arranged in blocks and chained together. Blockchain offers traceability of records and also backs cryptocurrencies and is used to validate the transfer and receipt of these assets

    Fremont, CA: In today's competitive digital age, having an active communication network in place is mandatory, and blockchain technology is revolutionizing the way businesses function with its wide range of benefits. The adoption of blockchain technology has become a critical priority across industries such as finance, healthcare, manufacturing, education, and telecommunications. A recent study by Deloitte revealed that 53 percent of fintech companies believe blockchain has become a vital part of their organization. Industry leaders like Amazon and Facebook have increasingly begun adopting Blockchain technology, and it is only expected to spread even further.

    Blockchain technology was first launched in 2009, and it consists of records of transactions arranged in blocks and chained together. Blockchain offers traceability of records and also backs cryptocurrencies and is used to validate the transfer and receipt of these assets. Apart from providing traceable open-source storage, blockchain technology also offers benefits such as decentralization, security, and immutability. As a result, the technology has surpassed its use for only cryptocurrencies, enabling businesses to transact and communicate seamlessly over the internet.

    Decentralization

    It is not possible to control blockchain from a single node. Therefore, it has a decentralized ledger where blocks of information can be stored across a network. This means, even if one node goes down, other nodes can catch transactions that were missed. Besides, every node process transaction takes away the possibility of a single node taking down the entire system. In addition, there is no central control of the blockchain, making it difficult for both governments and central banks or any higher authority to influence its use.

    Data Security

    Data security is essential to every business as it ensures that the company's records are not prone to an attack. Businesses that rely on traditional methods for storage have been vulnerable to attacks from time to time. On the other hand, blockchain offers a secure platform for storing information. By using cryptographic techniques, Merkle trees, hash functions, and public and private keys, blockchain makes it difficult for a hacker to alter its content. The immutable nature of this technology ensures that stored content cannot be changed. Its high level of security also makes it less susceptible to cyberattacks.

    Check out: Top Enterprise Security Solution Companies

    tag

    Data Security

    Weekly Brief

    loading
    ON THE DECK

    Content Management System 2020

    Top Vendors

    Contactless Payments 2020

    Top Vendors

    Admired Tech 2020

    Top Vendors

    Previous Next

    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

    Read Also

    How Credible is Cloud Storage Security?

    How Credible is Cloud Storage Security?

    How Internet of Medical Things Changing the Facets of Healthcare

    How Internet of Medical Things Changing the Facets of Healthcare

    IoT and the Challenges it Faces

    IoT and the Challenges it Faces

    Key Advantages of Cloud Computing

    Key Advantages of Cloud Computing

    Five Best Practices of Implementing ITSM

    Five Best Practices of Implementing ITSM

    Three Significant Benefits of Blockchain in Healthcare

    Three Significant Benefits of Blockchain in Healthcare

    Loading...

    Copyright © 2021 APAC CIOoutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy Policy  |  Sitemap |  Subscribe

    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/revolutionizing-business-communication-networks-with-blockchain-technology-nwid-7404.html