Blockchain in Top 3 Business can Change our lives

It's no surprise that 2020 is not too far away. In this fast-growing digital world everything shifting very swiftly than we think. So you guys have any guess, where we are now?

Come along with me through this blog to see the most interesting and innovative Business that takes benefits of blockchain.

Obviously, our earth has been facing a continuous evolution in both technology and the economy. As a result of this technology development, it will give emergence to services, industries, and business innovations. Blockchain, the technology which became so popular for its high cybersecurity capabilities. Actually, Blockchain is a type of network that the bitcoin uses. By knowing its importance many industries like supply chain, healthcare, Education, Telecom Industry and Banking started to utilize this technology to improve their industries.

Supply chain:

As supply chain management is a very important part of the business process it comprises various functions that start with meeting customers’ requirements and development, marketing, operations, distribution networks, finance, and customer service.

Blockchain in supply chain and logistics can provide better processing of SCM and helps in reaching the right customers with the right products/services at the right time. There are many supply chain and logistics industry that has been implemented blockchain technology for their betterment.

Education:

The market of education in the blockchain is improving higher than expected and is estimated to reach $93.76 billion globally by 2020. The Head spinning part of education os accounting, which requires time and people to calculate and maintain the finance of an institute. This involves the calculation of employee/ staff salary, student fees, maintenance and operational costs of that institute.

The use of blockchain in education has paved a way for the acceptance of cryptocurrencies as payments/fees for courses in many institutes. This may result in an easier and transparent way for both students as well as the institutes.

Healthcare:

In every hospital, the management needs to store and secure every detail of each patient. The records don’t have the only check-in and check-out time, instead, it contains the health issue details, purchase of medicines, accommodation, and the use of other facilities.

Benefits of Blockchain in Health care sector

1. Data Provenance and integrity

2. Data Security

3. Data Transparency

4. Drug Traceability

5. Easy to maintain Electronic Health Records( HER)

6. Patient Data Management

7. Easy to maintain the SCM of Medical accessories

We are proud to tell that, Bitdeal — The Blockchain Development Company, who was the early adopter of blockchain technology in India. At bitdeal, we provide services for industries, corporate and small businesses to integrate Blockchain technology.