The Benefits Of Applying Blockchain Technology In Any Industry

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Blockchain technology has evolved greatly since the introduction of Bitcoin in 2008, the first decentralized peer-to-peer electronic cash system. Today, innovators in various fields are realizing the benefits of the technology behind Bitcoin. From medicine to finance, many sectors are looking for ways to integrate blockchain into their infrastructures.

With its decentralized and trustless nature, Blockchain technology can lead to new opportunities and benefit businesses through greater transparency, enhanced security, and easier traceability.

Blockchain-as-a-Service for Simpler Integration

The problem that many businesses face, however, is that blockchain is sophisticated to integrate, and lack a technical team that is well-versed in this arena. BaaS or Blockchain-as-a-Service companies allow customers to integrate Blockchain technology into their businesses easily, without disruption to their daily processes. One such company that identified the need for BaaS is Broctagon Fintech Group.

With a global presence across 7 countries, Broctagon provides premier fintech solutions including multi-asset liquidity, brokerage technology solutions, and enterprise blockchain development.

Businesses are also apprehensive about blockchain integration, especially about investing large sums of funds into development for a technology that is still considered ‘disruptive’. Starter kits like Blockchain-in-a-Box allows modern businesses to create a proof-of-concept to confirm blockchain’s viability and feasibility for their business before embarking on a full development. Investors are more likely going to finance a project they can see, rather than just a conceptual idea. With it’s Blockchain-in-a-Box starter kit, businesses can create a fully tangible platform to stand out in their market and gain confidence for their projects.

Blockchain has the potential for many use cases, applicable to a multitude of industries, and BaaS facilitates that movement from ‘disruptive’ into ‘mainstream’. 

Read the full article on Forbes.