Blockchain technology, through its inherent characteristic of data integrity and transparency, will facilitate integrated business ecosystems. However, the necessary preconditions for integrated ecosystems include standardization of blockchain protocols, a change of mindset in the top management of companies as well as neutral platform governance.
The blend of blockchain technology and Artificial Intelligence is still a largely undiscovered area. Information is the critical ingredient for developing and enhancing blockchain and AI algorithms that secures data, allowing audit all intermediary steps.
AI offers a high-level understanding of the goals that the banking industry can achieve. AI, also is providing ways that chatbots can be used to transform the banking industry for the better.
Blockchain is essential for digital transformation. There is no other technology on the horizon that is decentralized, fault-tolerant, secure, and reliable for inter-Enterprise Master Data Management.
Banking Automation is the future of the financial industry. After years of customer-centric automation is now the time to look behind the lines and jump into back-office automation.
🏦Digital banking will become the new norm. COVID-19 may have resulted in closed branches, but it can accelerate the adoption of open banking, to bring convenience and new applications that will change the way customers do their banking.
The supply chain opportunities are immense, and even more important in light of the Covid-19 crisis. Learn how blockchain is revolutionizing a different supply chain, from general use cases like global trade to more specific ones like food traceability and manufacturing.
By using blockchain-encrypted digital identity management, humans are placed in the center of medical data management. The central issues are the availability of medical data and trust of patients and stakeholders in data security and quality, which can be addressed by using blockchain technology.
There’s still a lot to learn about IoTs, 🏦banks will soon look to such devices to not only do business with customers, but also improve the banking infrastructure to where services are safe and secure.
Why most blockchain startups fail? Many entrepreneurs dive headfirst into creating a blockchain or crypto-based solution without knowing if it solves a specific problem or has any commercial viability.
The technology behind Bitcoin and other cryptocurrencies has a growing use of applications for a number of industries. The strategic business value of blockchain is growing. Here are some strategic business values of blockchain in finance and beyond.