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Introduction Blockchain Technology Models
To Works within the Enterprise
The emerging technologies like Blockchain have found its usage across the
different industries. It has led to a surge in new developments. When we talk
about Blockchain technology or blockchain-based approach, then we also mention
the various uses across different industries. One of the key changes that every
organization has brought in is the adoption of newer technologies, which can pave
the way for more developments.
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The Proof-of-concept (POC) model has been applied across different industries
like Volkswagen which is using this initiating in the supply chain management, and
a number of banks are also using Blockchain to manage their payment system
and diamond industry using Blockchain-based model and platform for tracing the
origin of diamonds and also to trace if the diamonds are ethically sourced or not.
With such widespread use of Blockchain across different industries, we can
expect our system to become more adaptable to technologies like Blockchain.
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The technology is expected to create more than $175 billion business by 2025,
and this is expected to expand up to $3.1 trillion by 2030. In 2019, the survey
done by Deloitte found that 53% of the senior executives mentioned Blockchain as
one of the top 5 priorities.
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Use Of Blockchain Across Different Industries
When it comes to using of Blockchain technology, the industries are expected to
run seamlessly and their business operations to become more efficient. There is a
wide range of industrial applications of Blockchain technology, and we are
enlisting few of them :
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Innovation In The Finance Division- One of the earlier uses of Blockchain takes
us to the finance sector where Blockchain is used for assisting faster transaction.
Bitcoin brought with it the digital findings revolution and Blockchain is now
providing a platform which can become free from third party effect , thus ensuring
faster transaction at a lesser cost.
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The cryptographic process based on the “Proof of Work” consensus protocol and
the feature to identify information in real-time ensures transparency in the
business and at the same time, the immutable nature makes the information
accurate and authenticity
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Transformative Impact On The Supply Chain Management System- Another
key area of usage of Blockchain system is in the field of supply chain
management system. Blockchain-based application can be used in tracing the
information about the goods and ensuring that the information is instantly available
to the user. Both buyer and seller can make use of this information. It will
eventually help in making the system transparent. The Blockchain-based system
can be used t replace older system of destination checks, weighbridges etc. which
consume so much of time. With the help of real-time tracking and immutability
feature of Blockchain, the supply chain management system will become more
efficient.
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Safer Digital Data- Cybersecurity is yet another field that can reap the benefits of
Blockchain. We know that DLT offers the feature of immutability, which makes
data deletion difficult. Hence, ensuring that all the digital data is safe. This is not
only important for cybersecurity division, but also for the industries which are
running their operations on the digital platforms.
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Conclusion- The keen adopters of Blockchain are surely going to reap the
benefits in the future. Such companies will open the gateway of job opportunities
to those who are skilled in Blockchain. If you too are willing to make a career in
this technology, then Blockchain Council is providing Online Blockchain
certification programs in the same.
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Blockchain Council Certifications
You can check out our certifications, and kick start your career in the Blockchain
space today.
● Certified Blockchain Expert
● Certified Blockchain Developer
● Certified Smart Contract Developer
● Certified Solidity Developer
● Certified Ethereum Developer
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