Blockchain business adoption has been in talks for a while now, though it hasn’t been implemented yet due to the lack of a platform. It is said that blockchain technology can make notable changes in the business landscape by enhancing the current process. This will also facilitate value transfer and the latest models of ownership.
Since this multi-user technology, the transactions take place autonomously. This helps reduce any intermediary costs that arise when the assets are moved from one place to another one.
Let’s take the financial sector as an example. This new blockchain technology has made the global fund transfer secure and with less complexity. It also helped reduce any intermediary costs and made the process faster and instant. Another example is the healthcare department, blockchain technology-facilitated secure medical data sharing of the patients and also provided secured medical voting systems.
However, the growth of blockchain technology has been a work in progress for a while now, it was the covid-19 pandemic that enhanced the requirement to make everything turn digitized.
But tragically, this adoption is still in its early stages, since many businesses are still unsure about what blockchain technology does. Some are still skeptical about how this might help them improve their business and what exactly is its objective.
You can notice this hesitant behavior with the small businesses since they are having a hard time closing the gap between them and the new technology. Hence blueskyINTEL has now become the bridge of information to help businesses understand and provide solutions.