Skip to content
  • English
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
Daily News India

Daily News India

Just another WordPress site

  • English
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Toggle search form
  • The Beauty Sailor; a premium skin care brand in India Business
  • Namitesh Roy Choudhury assumes the role of Vice Chairman and Managing Director for LANXESS India region Business
  • FORE School of Management completes final placements for 2020-22 batch, highest package at 41 LPA Press Release
  • Madhavbuag Imparts Scientific Evidence Based Disease Reversal Training to Uttarakhand Govt. Doctors Business
  • Celebrating 5 year anniversary ExperientialEtc puts together a music video by the employees, Slaughter Anthem, to celebrate Halloween! Entertainment
  • Distinguished Author Anandajit Goswami launched his thriller book “Pink Gender: The Extended” – A sequel to Pink Gender. Lifestyle
  • Karan Panchal takes over Tikku Condiments; facilitated by Caerus3 Advisors and Think Tank Business
  • Maharani by Rungtas Becomes a Silver Destination with 10000+ Happy Customers Business

How the future of business could be built on blockchain

Posted on May 10, 2022 By dsprime 23 Comments on How the future of business could be built on blockchain

May 10: Raviteja Adapa, Founder and managing partner of Ledgerchain, powered by Bintex Futures, discusses how the future of business could be built on blockchain.

On paper, blockchain is irrefutable. It delivers transparency, it’s immutable, self-governed, and secure. The only thing holding the technology back until recently was a lack of understanding from traditional businesses. Now, with the growing acceptance of crypto, and the adoption of Bitcoin by major institutional players, the potential behind blockchain technology is being realised in business.

Spreading to other sectors

Traditionally applied to crypto and financial markets, most recently we’ve seen how blockchain technology can be used within art and culture in the form of non-fungible tokens (NFTs). NFTs recently received mainstream attention with the sale of artist Beeple’s “Everydays – The First 5,000 Days,” by Christie’s for $69 million. Elsewhere, assets such as shoes and real estate are being tokenised and worked with on-chain.

Due to its vast capabilities, industries from insurance to gaming to education to agriculture could take advantage of blockchain technology. By running their business on blockchain, organisations will be able to speed up processes and increase auditability, automation, and the transparency of shared data. Importantly, bringing blockchain-based processes to company operations eliminates the timeless issue of “single point of failure.”

The tech behind blockchain

Vamsi Sagar Gunda, Vice President of LedgerChain, powered by Bintex Futures, explained  that yearly spending on blockchain solutions will reach nearly $16 billion by 2023. Yet despite this, many won’t implement blockchain-based solutions because of its connection with the crypto world and lack of knowledge of the technology.

Typically, technological advancements take a while to reach a level of maturity that can be accepted by the wider market. Like other new technologies, such as the internet, blockchain will follow the same path of adoption in the years to come. However, when the time comes, blockchain and smart contracts will remove the traditional hurdles many organisations face such as a lack of transparency, reduced security, low efficiency and speed, heightened costs, and an absence of traceability. Blockchain will do this by relying heavily on cryptography and the automation and unbiased processes of using code.

To boil it down to the basics, the public ledger inherent in blockchain makes transactions 100% visible to anyone, creating full traceability and transparency, and consequently security as ill-actors’ movements can be followed easily. Confirmations between blocks can take mere seconds or minutes which is a gamechanger in terms of ensuring efficiency and ushering in a new era of high-speed and instant transactions. Finally, the technology’s cryptographic hashing functions enable immutable transactions. These hashes work as identifiers for the data blocks; the hash of each block is created in relation to the preceding block, which is what links them together. It is this process that further ensures a blockchain’s security as transactions cannot be manipulated or altered once executed.

Blockchain governance

An important element of blockchain projects is a focus on governance capabilities. Even though the crypto industry is decentralised, it still manages to organise and run itself while ensuring fair and transparent operations. This is because projects implement their own governance models, whereby proposals are put forward and voted on for approval by holders of the specific blockchain’s coin or token.

Crypto manages to achieve this form of governance while holding true to the founding ideals of decentralisation and democratisation. That’s not to say that centralised finance (CeFi) and traditional organisations can’t implement similar models. Just as enterprises will gradually increase adoption of blockchain technology, they too can begin to put business decisions to a vote, and in turn, see an increase in community engagement.

Early blockchain adopters and the way forward

Kalyan Kolluri , Vice President of LedgerChain, powered by Bintex Futures,   further explained, this technology still has much to prove, blockchain is already being used by countless organizations that realize its potential. These include IBM, British Airways, shipping company Maersk, healthcare provider Pfizer, and HSBC. British Airways, for example, is working with several other airlines to trial blockchain COVID-19 credentials. IBM and Maersk have teamed up to create the TradeLens blockchain platform, which is designed to capture important information about each shipment in a supply chain in real-time. And DHL and Accenture have created a blockchain-based serialization prototype to track pharmaceuticals across the supply chain.

The growing examples of traditional enterprises using blockchain prove that the technology can help solve countless issues. With mainstream adoption on the rise, conversations about what business built on blockchain will look like continue to evolve.

He further said , new blockchain LedgerChain is useful for Develop the cutting edge technologies in different verticles for a smoother and faster transactions at a negligible gas fee.

Business Tags:Business

Post navigation

Previous Post: Proud Recipient of Bhartiya Udyog Ratna for Best Interior Designing Company Award: Ace Interiors and Architects
Next Post: The Shikhar Dhawan Foundation completes its biggest on-ground educational event, Youngistaan

Related Posts

  • Sterling Diagnostics collaborates with Haptik to provide Innovative Chatbot Solutions Business
  • DrCure.com: Your One-Stop Destination for Vetted and Authentic Medical Information Business
  • Discover the amazing online art gallery The Art World Business
  • Building trust through loyalty, quality and integrity – Estatex Landbase Business
  • 15 Startups to Secure fund at Flagship Business Contest event Clarion Call 5.0 by IIM Calcutta Alumni Association along with IIM Calcutta Innovation Park Business
  • Gururo.com collaborates with IU University, Germany to Offer World-Class Post Graduate Certificate in Program Management Business

Comments (23) on “How the future of business could be built on blockchain”

  1. marizonilogert says:
    October 10, 2022 at 2:11 pm

    Thanks for a marvelous posting! I certainly enjoyed reading it, you’re a great author.I will ensure that I bookmark your blog and will eventually come back later in life. I want to encourage continue your great work, have a nice day!

  2. Abepsy says:
    October 23, 2022 at 7:31 pm

    where to buy priligy online canada cheap priligy overnight priligy dapoxetine buy

  3. Wempleap says:
    October 27, 2022 at 3:49 pm

    where to buy xenical without prescription r where to buy generic orlistat without prescription cheap xenical best price without prescription

  4. diversity and inclusion solutions says:
    November 18, 2022 at 1:46 pm

    Thanks for sharing superb informations. Your web-site is so cool. I’m impressed by the details that you?¦ve on this website. It reveals how nicely you understand this subject. Bookmarked this website page, will come back for more articles. You, my pal, ROCK! I found simply the information I already searched everywhere and simply could not come across. What a great web-site.

  5. zmozero teriloren says:
    November 24, 2022 at 2:39 am

    Good ?V I should certainly pronounce, impressed with your website. I had no trouble navigating through all tabs and related info ended up being truly easy to do to access. I recently found what I hoped for before you know it in the least. Reasonably unusual. Is likely to appreciate it for those who add forums or anything, web site theme . a tones way for your client to communicate. Excellent task..

  6. A Beginners Guide to Free running (Volume 1) says:
    December 19, 2022 at 2:53 am

    Thanks for every other informative website. Where else may just I get that type of information written in such a perfect way? I have a challenge that I am just now running on, and I’ve been on the glance out for such info.

  7. Handbook Guide to a Vauxhall - VENTORA (Classic Handbook Car Guide) says:
    December 19, 2022 at 2:11 pm

    I am often to blogging and i really appreciate your content. The article has really peaks my interest. I am going to bookmark your site and keep checking for new information.

  8. How to Start a Civil Engineering Research and Experimental Development Business (Beginners Guide) says:
    December 20, 2022 at 12:03 am

    I will right away clutch your rss feed as I can not in finding your email subscription link or newsletter service. Do you’ve any? Please permit me realize in order that I may subscribe. Thanks.

  9. https://europa-road.eu/hu/gepszallitas-kulfoldrol.php says:
    December 24, 2022 at 7:26 am

    Yay google is my queen assisted me to find this great website ! .

  10. Beginners Guide on How to Breed Myotonic - Goat (Beginners Guide) says:
    December 26, 2022 at 2:59 am

    This is really interesting, You are a very skilled blogger. I have joined your feed and stay up for looking for more of your fantastic post. Additionally, I’ve shared your site in my social networks!

  11. How to Become a Deicer Repairer says:
    December 26, 2022 at 6:06 pm

    Regards for helping out, superb info. “The four stages of man are infancy, childhood, adolescence, and obsolescence.” by Bruce Barton.

  12. Beginners Guide to Growing Dicliptera (Home & Garden Handbook) says:
    December 29, 2022 at 9:33 pm

    I am impressed with this web site, very I am a big fan .

  13. nft bulk says:
    March 2, 2023 at 3:13 am

    It’s appropriate time to make some plans for the longer term and it is time to be happy. I’ve read this submit and if I may I want to suggest you few interesting issues or suggestions. Perhaps you could write subsequent articles regarding this article. I wish to read even more things about it!

  14. cultural awareness software says:
    March 27, 2023 at 7:23 pm

    This is really interesting, You’re a very skilled blogger. I’ve joined your feed and look forward to seeking more of your great post. Also, I’ve shared your site in my social networks!

  15. xin gaming demo says:
    April 10, 2023 at 8:40 pm

    Greetings! I’ve been reading your web site for a while now and finally got the bravery to go ahead and give you a shout out from Humble Texas! Just wanted to say keep up the excellent work!

  16. situs slot gacor says:
    April 14, 2023 at 2:47 am

    I have been surfing on-line greater than three hours nowadays, but I by no means found any interesting article like yours. It?¦s lovely value enough for me. In my view, if all webmasters and bloggers made excellent content material as you did, the web might be much more useful than ever before.

  17. rtp slot hari ini says:
    April 17, 2023 at 12:17 am

    Dead indited content material, appreciate it for entropy. “Life is God’s novel. Let him write it.” by Isaac Bashevis Singer.

  18. surgawin slot says:
    April 25, 2023 at 7:32 am

    I have been absent for some time, but now I remember why I used to love this site. Thanks, I will try and check back more frequently. How frequently you update your website?

  19. Fastwin77 says:
    May 3, 2023 at 8:40 am

    I couldn’t resist commenting

  20. Sensaslot88 says:
    May 5, 2023 at 4:13 pm

    Please let me know if you’re looking for a article writer for your blog. You have some really good articles and I feel I would be a good asset. If you ever want to take some of the load off, I’d absolutely love to write some content for your blog in exchange for a link back to mine. Please send me an e-mail if interested. Thank you!

  21. amounda says:
    May 31, 2023 at 1:17 am

    Neither the Tiandao tribe nor the Changheng tribe received a token propecia hair loss Methocarbamol is used in children only to treat tetanus

  22. free mp3 downloader says:
    June 1, 2023 at 7:24 pm

    Keep this going please, great job!

    Feel free to surf to my website : free mp3 download

  23. ytmp3 says:
    June 5, 2023 at 12:08 am

    No matter if some one searches for his required thing, thus he/she desires\r\nto be available that in detail, thus that thing is maintained over here.\r\n\r\nFeel free to surf to my webpage : ytmp3

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Viraj Profiles Pvt. Ltd. Appoints Rakesh Chauhan as Dy. Managing Director
  • Viraj Profiles Pvt. Ltd. Appoints Rakesh Chauhan as Dy. Managing Director
  • MasMedi: Redefining Healthcare Solutions with Transparency, Accessibility and Customer-First Approach
  • Tempt India forges partnership with Staunch Electronics to manufacture power banks in India, Furthering make-in-India initiative
  • 10 Environmentalists to watch out in 2023

Recent Comments

  • Kweqtj on Aliff Overseas Education Fair establishes massive success with Post graduation & MBA focussed programmes
  • Ognwdy on BELMAC is transforming the landscape for an upgraded lifestyle
  • Xwdzqe on ‘Dilli Kaand’, a Journey of Painful Incidents, Directed By Kritik Kumar to Be Released On 24th September 2021
  • Toshia Bodor on Bhaumik Patel’s Cloudland Entertainment is all set to thrill you this Navratri feat. Divyesh Talaviya & Prachi Solanki
  • Vpawqv on A Chartbuster Fiction is Making its Way to Top The List – ‘The Quests of William Wood’
  • Success story of India’s Youngest Millionaire Entrepreneur Abhishek Mishra, Founder & CEO of Hidden Bull Academy Business
  • Acadza Offers JEE/NEET Aspirants A Blend Of Coaching And EdTech Support Press Release
  • IDT students celebrated Ambedkar Jayanti at Surat Airport Education
  • Equiniti India (EQ India) Appoints Vijayaraj Palaniraj as Talent Acquisition Head Business
  • Expand My Business Awarded Pride of India by Chiratae Ventures Business
  • D7 Events by Akash Goyal Launch an In-House Desi English Band Business
  • Here’s how AliceBlue is guiding traders to navigate market volatility to bounce off trading session lows Business
  • Brainywood- a Unique Edtech start-up focusing on Stress- Free Education and Memory Training Press Release

Copyright © 2023 Daily News India.

Powered by PressBook News WordPress theme