In the past few years, blockchain has emerged as one of the promising technologies in the market. Although initially recognized as a transaction ledger of cryptocurrencies such as bitcoin, blockchain is now solving a plethora of problems that revolve around data security and sharing, supply chain monitoring, and product tracking. Given these merits, organizations across industries are excitedly adopting blockchain into their mainstream operational workflow without a second thought.
Owing to its decentralized architecture, blockchain transactions are highly secured and safe as only authorized individuals can edit, delete or modify the data in any way possible. Blockchain further provides a secure network for communication between IoT devices, thereby yielding high resistance to cyberattacks and breaches as a result of its decentralized nature. Additionally, with the rise in number and popularity of cryptocurrencies, blockchain is very much likely to play a significant role in the exchange of resources amongst organizations.
While on one hand blockchain technology has an enormous role to play in online data security, on the other hand, organizations are also employing this revolutionary technology to track and trace fraudulent exchanges or transaction. For example, blockchain offers healthcare providers the ability to trace substandard and forged drugs that enter the market through hashed IDs or product trademarks.
Therefore, it is no surprise that blockchain is gaining quite the traction in all industry verticals. Following this market trend, a distinguished panel comprising of CEOs, CIOs, VCs, and analysts along with the editorial panel of CIOApplications Europe brings "Top 10 Blockchain Solution Providers - 2019" to the forefront of organizations, helping their leadership in making the right decision while adopting blockchain.