BLOCKCHAIN ADOPTION
How is blockchain being used by the Top 100 public companies?
Comparing enterprise or permission blockchains & how they are being used by top companies to improve business functions
Like it or not blockchain technology has revolutionized the way top companies are conducting business these days. The novel tech has shown great potential in solving real-world problems. It’s the same tech that forms the basis of some of the most popular decentralized platforms like Bitcoin & Ethereum. Many people equate cryptocurrencies with blockchain which is obviously not the case — the latter just provides that platform on which cryptos like Bitcoin are built.
While novices may struggle to differentiate between the two, big companies have been quick to adopt blockchain tech. Some of the biggest public companies in the world have started using enterprise blockchains, which are permissioned in nature. Unlike public blockchains like Bitcoin, they are private in nature. So why are they using a private iteration of this tech, when decentralization is such a desired feature by everyday users?
The permissioned use of this tech basically enables these companies to improve their business processes significantly — like improving…
