Blockchain Business ValueThere are a few key areas where blockchain can add business value, even before broadscale adoption:
Cost Reduction: What if your business no longer had to pour profits into logistics, intermediaries, and an administrative paper trail? The blockchain can streamline supply chains, cutting out the middleman and banishing processes that slow efficiency and eat profits.
Revenue Creation: The blockchain breaks down administrative and collaborative barriers, making way for a innovative business strategies which simply weren’t feasible before the advent of distributed ledgers. With this new freedom, blockchain paves the way for new infrastructure and revenue models.
Consumer Impact: New business models provide the opportunity to meet previously overlooked needs of consumers and communities. In the medical field, where remote patient care and record-keeping may have been an issue in the past, blockchain advances provide ways to overcome those barriers using synchronised records and smart care devices on the network.
Blockchain paves the way for
new business models, and new
ways to generate revenue.
Blockchain can steamline
supply chains, cutting out
process that slow efficiency
and eat profits.
New business models provide
the opportunity to meet
previously overlooked needs in
Blockchain is already making waves in financial services, government, and healthcare. Let’s take a glimpse at the way it could impact a few other industries: