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There has been a significant amount of hype around cryptocurrencies and blockchain over the past five years, with business to business (B2B) blockchain applications slowly starting to gain ground in cutting edge organizations.
Although blockchain is the technology behind cryptocurrencies, the technology can be separated from a cryptocurrency, such as Bitcoin or Ethereum, and used in a B2B environment where a high degree of visibility and / or security is essential. Significant opportunities exist for companies that strive to understand the capabilities of blockchain technology and creatively apply the technology as a solution to business transactions. Successful organizations will benefit from reduced overall costs of processing, monitoring, validating and executing transactions between a buyer and seller of products and in other areas of the entire supply chain. Understanding the capabilities of the underlying technology is critical to ensuring that the value and benefits clearly outweigh the costs and risks of implementation.
For more information, see the full publication below.
