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Enterprise Blockchain Solutions: What you Can Do For Your Business?

Enterprise Blockchain Solutions: What you Can Do For Your Business?. Finance, HealthCare, Media/Advertising, Food/Agriculture

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Enterprise Blockchain Solutions What you Can Do For Your Business

Blockchain technology is quickly taking over the tech world. While many people seem to limit it only to cryptocurrencies, in reality, that’s not the case.

With enterprise Blockchain technology continuing to grow and expand, businesses are finally beginning to consider this new technology’s versatility.

Blockchain does a shared entries technology that allows data to be globally stored on an extensive network across multiple servers; this allows anyone to access the network to access entries in real-time.

The vast nature of Blockchain technology makes it hard for one individual to gain control of or hack into the network.

Popular business services such as bitcoin, ethereum, and other cryptocurrencies are based on Blockchain.

Enterprise Blockchain is a Blockchain network specifically equipped and utilized to engage with enterprise-level demands and purposes.

Already, enterprise Blockchain platforms are taking over the global enterprise market, and many businesses are beginning to see the benefits of utilizing Blockchain technology in the enterprise market.

Many big names in the tech world have begun to employ Blockchain in their business’s daily running, such as IBM, Linux, Citibank, and many others.

As enterprise Blockchain continues to empower small and large industries with the accessibility and security that they need, it has become clear that Blockchain technology is here to stay.

Even with its fair share of criticism, many organizations continue to adapt it to grab a place in the future Blockchain market.

Blockchain technology

1. What Can They Do For Your Business?

Over the years, enterprise Blockchain has become an essential foundation for the software and network stack of businesses worldwide. It is mainly used to manage digital assets. All in all, enterprise Blockchain helps companies to solve three main problems;

  • To process data more efficiently.
  • To further secure business networks and transactions
  • Creation and management of digital assets

Enterprise Blockchain solutions also have specific impacts based on the industry you’re a part of;

i. Finance

Blockchain technology started with the finance industry, and no other sector has utilized it as well as them. It has been adapted into several financial services, including trade, insurance, border transactions, etc.

Enterprise Blockchain technology is beginning to be used in banks across the world for more effective management. In Canada, seven banks have banded together using Blockchain to verify the identity of their commercial users. As more big names continue to adopt it, enterprise Blockchain is expanding faster than ever.

ii. HealthCare

HealthCare is another primary industry experiencing the breakthroughs of enterprise Blockchain. Enterprise Blockchain has allowed HealthCare companies to manage the diagnostic history of their parties better. It also uses Electronic batch records that help manage the supply and distribution of pharmaceutical medicines to healthcare businesses worldwide.

Some governments have begun considering using enterprise Blockchain in HealthCare to help check the authenticity of drugs and maybe even enable a quicker diagnosis of illnesses and diseases in the future.

iii. Media/Advertising | Enterprise Blockchain Solutions

With enterprise Blockchain coming into the media industry, things like copyright and authentication are becoming more secure and easier to manage. The NYC Blockchain Center’s executive director, Kimberly Quinones, commented that Blockchain is also starting to play a significant role in distributing royalty payment and micro-payments.

Blockchain is being used to sponsor larger advertising budgets across various mediums to see which one is most effective. With enterprise Blockchain, advertisers can finally track how their money is being spent, and what places are giving them more revenue.

iv. Food/Agriculture

Enterprise Blockchain thrives in agriculture businesses because of the need to supply goods. Enterprise Blockchain, with its transparency, is a vast improvement over traditional supply systems. With enterprise Blockchain, food can easily be traced back to the manufacturer in times of need, or outbreaks. This eases the flow of the supply chain and prevents mass food waste.

Enterprise Blockchain is also very useful in managing the inventory of your business or food sales.

v. Ethereum Blockchain

Ethereum is by far the most developed form of Blockchain in the world. Its diverse application makes it suitable for the majority of industry and business applications. Its flexibility and strong security gives it an edge over other enterprise Blockchain and offers unique advantages to industries looking to try out enterprise Blockchain solutions.

There are several ways you can access Ethereum as a small or large organization. You could partner with a larger organization with an already functioning Blockchain technology, and you could buy Ethereum India online, purchase for your organization, and so on.

2. Key Factors for a Successful Blockchain Solution

While enterprise Blockchain does come with its obvious advantages, there are some things you’ll have to apply for it to run as smoothly as possible for your business. Individual design decisions you take when deploying your enterprise Blockchain will have lasting effects on the production, and overall impact of the Blockchain.

Therefore, there are several technical and non-technical factors you need to take into consideration when choosing the type of Blockchain to use, and designing the Blockchain;

  • How easy will it be for you to integrate the new enterprise Blockchain solution with your network’s existing technology?
  • What type of privacy mechanisms will you need to employ to ensure that specific transaction data remains secure?
  • Does the enterprise Blockchain solution technology you’re using align with the industry’s standards and specifications you’re a part of?
  • What type of tool ware, application layer, and infrastructure will your network developers use in deploying the enterprise Blockchain?
  • How much will you need to invest in developing the enterprise Blockchain, and what will be your return on investment?
  • Decide which Blockchain platform best fits your specific network and business requirements.
  • Is the platform you’re using secure enough to handle your business network on a large scale?
    Will you need ongoing support service and maintenance?
  • How will you go about gathering a well-equipped enterprise Blockchain development team with an adequate understanding of Blockchain technology?

3. Conclusion | Enterprise Blockchain Solutions

Other more popular forms of Blockchain such as bitcoin and other cryptocurrencies can also be purchased to benefit your industry. Imps bitcoin can be bought easily online through little stress.

Industries around the world continue to experience the massive innovations and impact caused by enterprise Blockchain technology. The possibilities are truly endless as Blockchain helps the various organization reach their full business potential.

We are an Instructor's, Modern Full Stack Web Application Developers, Freelancers, Tech Bloggers, and Technical SEO Experts. We deliver a rich set of software applications for your business needs.

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Bitcoin

What Type of Services Can You Pay with Bitcoin?

Like how more product-based businesses accept bitcoin, users can now purchase various services with cryptocurrency.

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Become a good CFD trader using bitcoins

Like how more product-based businesses accept bitcoin, users can now purchase various services with cryptocurrency. From escrow services to logo design, users can now buy many commonly requested services with bitcoin. Listed are some of the most common.

1. Escrow services

CryptoExchange provides escrow services that can be used for bitcoin transactions and paid for with cryptocurrency. For example, users who want to buy a domain must go through a domain transfer process, including going through your current registrar and asking for confirmation before changing the title owner.

This multi-step process may make it difficult to purchase a domain online since the failure to complete some of these steps will result in an invalid transfer. Escrow services protect both parties by holding funds until the Buyer and Seller meet all the agreement terms.

2. Dental services

Bitcoin enthusiasts will be delighted to know they can now pay with digital currencies for a tooth cleaning, filling, or any other dental procedure. Among these service providers is Dr George Carr in Tempe, Arizona, who has begun to accept bitcoin, Litecoin, Dash and other cryptocurrencies. In Indiana, Caring Dentists is another practice that will accept digital currencies in exchange for their services.

Cryptocurrencies Bitcoin

3. Logo design and other freelance services

Fiverr has gained popularity as a marketplace for freelancers to offer services to customers worldwide. The platform has since become one of the lead disruptors for the Gig Economy and continues to disrupt the industry by accepting bitcoin in partnership with a cryptocurrency exchange. On this platform, users will be able to pay for services such as:

  • Logo designing
  • Customizing a WordPress website
  • Search Engine Optimization (SEO)
  • Whiteboard animation for explainer videos
  • Creation of short video ads
  • E-commerce product videos
  • Drone videography
  • Dropshipping
  • Translation
  • Proofreading and editing
  • Development of brand voice & tone

4. Digital marketing

BrainGuzzle is a Los Angeles-based digital marketing firm offering a complete catalogue of marketing services. Among the most common social media engagement, blog content and creation, pay-per-click ads, link building, website optimization, and Search Engine optimization. The agency has shared that they will accept bitcoin for any of these services.

A few states over in Maryland, H20 Social Digital Marketing, will also buy bitcoin for services including email marketing, organic social media engagement, pay per click (PPC), and reputation management.

5. Haircuts

In Santa Monica, the World Famous Venice Barber Shop and Shaving parlour offers men’s haircuts in exchange for bitcoin. In Florida, Men’s Groom Room Barber Lounge also accepts digital currency.

6. Massages & yoga

Divine Align Massage & Wellness in Santa Barbara offers various bodywork and therapeutic practices for sports performance and overall pain elimination. Buyers can now make payments with the cryptocurrency bitcoin. Alternatively, Libra’s Massage & Holistic, another massage clinic in California, will also accept BTC.

What is bitcoin online trading

7. Tax services

Are you looking for full-service offerings to complete their annual tax filing forms for the IRS and state tax agencies? Fast Tax Services in Los Angeles and Friendly Tax Services both offer their services in exchange for bitcoin.

8. Computer tech and repair services

AlphaTech Computer Repair has continued to provide information for internet users to stay safe on the internet. In exchange for their IT services, Buyers can use bitcoin to pay for:

  • The installation of computer parts
  • Spyware removal
  • Office networking
  • Documents recovery
  • OS Windows recovery
  • Virus removal
  • LAN networking
  • Multimedia interconnection

And just about any other computer-related service, you can think of!

9. Chiropractic

Those who need prenatal, family, pediatric, and chiropractic care can schedule an appointment with Acorn Chiropractic Clinic. All spinal adjustments can be paid for in digital currencies like bitcoin.

10. Consulting services

Capitol Hill Consulting Group is a firm dedicated to providing strategies and services in tax, trade, financial, health care, and aerospace. Users can now purchase these services in whole or in part with the digital currency bitcoin.

11. Liposuction

Body sculpting is a Manhattan-based plastic surgery practice that has recently begun accepting bitcoin for its procedures, including liposuction, eyelid surgery, facelifts, arm lifts, tummy tucks, cheek augmentation or even a Brazilian butt lift.

The demand for plastic surgery continues to increase, resulting in the same increase in anonymity. Plastic surgery services must respect the privacy of their patients and continue to protect it however possible.

12. A growing list of services

The list of services in the United States and the rest of the world that will accept bitcoin is expanding. Therefore, users may have many more options to spend their hard-earned cryptocurrency than just the list provided.

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