What's Next In Blockchain

Being a digital, immutable, and distributed ledger chronologically recording real-time transactions, blockchain is the ground breaking technological innovation. In simple terms, blockchain is used for exchanging value on the internet. Apart from recording transactions and data, blockchain verifies these also. The recent years have used blockchain technology in fields like supply chain, logistics, data storage, internet protocols, stock markets, healthcare, and manufacturing. The buzzword that revolves around blockchain usage tells about its revolutionizing potential in the government and private business verticals. With its incomparable technology, blockchain startups are transforming how companies manage the supply chain. Some say blockchain is the most noteworthy innovation that happened after the invention of the internet.

10 Most Recommended Blockchain Startups - 2020

Being a digital, immutable, and distributed ledger chronologically recording real-time transactions, blockchain is the ground breaking technological innovation. In simple terms, blockchain is used for exchanging value on the internet. Apart from recording transactions and data, blockchain verifies these also. The recent years have used blockchain technology in fields like supply chain, logistics, data storage, internet protocols, stock markets, healthcare, and manufacturing. The buzzword that revolves around blockchain usage tells about its revolutionizing potential in the government and private business verticals. With its incomparable technology, blockchain startups are transforming how companies manage the supply chain. Some say blockchain is the most noteworthy innovation that happened after the invention of the internet. An unmatched algorithm helps blockchain to maintain the required security for transferring digital assets anonymously. At the same time, it keeps information hidden from internet pirates. The immutable distribution ledger makes blockchain information accessible to every participant in the network. The participants can add any information they want; however, the existing data can never be altered. When a recording of transactions happens on a distribution ledger, approval from the participants is taken before that. Banks and financial firms have adopted blockchain technology for honest banking. Through this, they can look into client information and be sure that manipulation happens. It is cheaper to use and implements faster than other technologies, as blockchain does not involve intermediaries. Also, by eliminating the usage of papers to store data, blockchain saves time. Magnifying efficiency in business operations, blockchain has augmented customer experience services of trading and financing. Again, date consistency is maintained in this case, and the customer service platforms are well equipped with a strong engine, delivering comprehensive automation of document verification. Understanding the benefits of blockchain, investors have started intervening in this division, and as a result, passionate blockchain technologists can innovate and produce valuable technologies. Showcasing the implementation of blockchain in different technologies and innovations, in this edition of the CIO Insider magazine, we present the readers a list of ‘10 Most Recommended Blockchain Startups - 2020'. The list is prepared by a team of CEOs, CIOs, CXOs, Analysts, and CIO Insider Editorial Board after thorough analysis and scrutiny. The startup stories that deciphers the thoughtful innovation and exciting creation by technologists will surely engage the readers.