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 is unavoidable and this is growing with the number of transactions, and is based on subscription plans.

Let's explore blockchain use cases:

• FinTech: Financial organizations are always in need of adapting an emerging technology to solve key security challenges and enhance 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 tampered...