Business adaptation

Industry leaders are spending millions of dollars on research and development (R&D) to evaluate emerging platforms over blockchain. In any sector, the cost of intermediaries are unavoidable and this is growing with the number of transactions, and may based on subscription plans.

Let's explore blockchain use cases:

• FinTech: Financial organizations are always in need of adapting an emerging technology to solve the key security challenges and enhancing user experience. Because of the risk of downtime (service disruption) involved in technology refreshes, organizations prefer to wait till they get feedback and use cases from the majority of their industry players. More than 50 of the largest banking organizations have already recognized and appreciated blockchain for enhancing security at the foundation layer. Every successful transaction is saved in the distributed ledger chronologically with a hashing algorithm in the form of blocks. This means that records cannot be...