In Blockchain 101, we discussed how blockchains offer an open, inclusive option that anyone can utilize just by running software on their computers. However, the benefits offered by blockchains have caught the eyes of private organizations. Decentralization, immutability and partial transparency all suit the needs of private organization. However, exposing proprietary information by utilizing a public blockchain is not an option for these organizations. In this course, we’ll explore how blockchain protocols affect businesses. Additionally, we’ll explore how businesses can utilize the blockchain to solve today and tomorrow’s problems.
Blockchain Protocols and Business
Business on the Blockchain
Blockchain technology has the potential to provide solutions to various problems businesses routinely encounter. Industries such as finance, banking, and accounting have already started to research the possible applications of this technology, and many have already moved to testing their own private blockchains.
Future Business Applications for Blockchain
There are already many projects that have moved past the test phase and are already moving towards incorporating blockchain technology. In this module, we’ll take a look at how blockchains are being put into use today.