Blockchain is comparatively a new concept in the Information Technology sphere. Many IT companies are now offering Blockchain Solutions or cryptocurrency solutions. Cryptocurrency is the most widely used word around the world as more and more people are aware of this term for sure. To be more precise, it is actually the BitCoin term which is gaining even more popularity as compared to all other currencies involved within the sphere of cryptocurrencies.

Cryptocurrencies: A decentralised way to invest money

Blockchain Solutions, without any doubt is a way to decentralise as well as make the system free from corruption as far as economic and monetary transactions are concerned. Cryptocurrencies are surely a leader in the market where this digitally programmed money can be exchanged just like currency notes. The only difference is the way how this money is exchanged in comparison with the regular dollar bills or currency notes. It is transferred digitally or virtually in other words, it is encrypted with a special coding or encryption in an exclusive language called cryptography. It creates a chain of blocks, thus coming out with a name of “Blockchain” and any feature or functionality being integrated into the website or app. Blockchain is a certain code that is completely readable by public. Satoshi Nakamoto is the genius brain behind the Blockchain and cryptocurrencies such as Bitcoin.

Transformation of new era with Blockchain Solutions

Blockchain solutions are helping millions of IT professionals across the world to create some really dynamic solutions like websites and apps which are able to use this technology for creating some really productive and useful solutions. The future of the technology is certainly in the hands of the new solutions such as Blockchain. The business can be managed in a great manner as well as the management is transparent so that a headstart can be given to the all new era of Blockchain solutions.

List of Industries where Blockchain Solutions are applied

Well, there are many industries which are already using Blockchain to speed up their work and thus, gain profit in business. It is the ultimate aim of any company to take the success level of the business to heights. Fortunately, Blockchain is helping the people to create some amazing solutions which are otherwise not easily possible.
 

There is a common misunderstanding when it comes to Blockchain. Some people think that when it comes to Blockchain- the only possible thing around it is definitely cryptocurrency. But, it should be noted well that it is not only cryptocurrency, but also healthcare, fin-tech, manufacturing, telecom, supply chain and data management that are already making the use of Blockchain solutions so that they are able to speed up the process with these.

1. Bitcoin or Cryptocurrency

First thing that comes to the mind of the Blockchain users is definitely cryptocurrency. Blockchain technology is being used to create various wallets which are able to store various cryptocurrencies. The most popular of all the currencies is definitely Bitcoin but there are some other currencies as well. There are some features of Blockchain in case of Bitcoin and Cryptocurrencies:

• 1.They can’t be controlled by any single entity.
• 2.They don’t have a single point of failure.

2. Finance Sector

Apart from the cryptocurrency and implementation of Blockchain in that sector is also seen successfully in the finance sector. It is really a new start which will come out as a very successful innovation as money and blockchain is very much connected and in a great way! It is known as by the name of Fin-tech because of Financial Technology. Of course, it is a new start as it can destroy the conventional modes of finance. It is completely a new trade and is welcomed with open arms.

3. Communications Sector

As we see that there is no sector or industry being left by the touch of Blockchain solutions. Same goes with the telecom and communications service providers who are using this Blockchain technology so that they are able to provide some really high-end solutions to the customers and businesses of the company. This type of solutions make an impact on the quality of the services that are provided to the users of the telecom company. It includes big clients and individual users as well. Voice services as well as data connectivity services are improved with Blockchain technology for sure.

4. Secured Supply Chain Management

One should just try to think of the possibilities this technology is able to present to the users across the supply chain. First of all, Blockchain technology helps to track all types of money exchanges so the process is really transparent. These features will result in an error-free transactions which makes it time saving and cost-saving as well.
 

In an app which is made for supply chain management, Blockchain Solutions ensure the transparency as well as scalability level so that more security can be ensured to the whole system. Here are some of the benefits that one should keep in mind regarding the Supply Chain management system.

1. Increase in the level of trust

By using Blockchain technology, it is possible to reduce all the impediments that may plague a system and destroy it ultimately. One can also say that this increases the level of trust between the owners of the system as well.

2. Wide Access

If the participants in the supply chain management are many as well as they are accessing the system virtually from any number of touchpoints, Blockchain Solutions are able to give much wide access in this industry as well.

3. Eliminating the Audits

The audits required by internal systems and processes are eliminated by a shared, indelible ledger with codified rules which we can say to the least that can potentially work.

4. High performance

As Blockchain has a decentralised structure for overall usage economically, there arises so many opportunities to make use of these solutions. As opportunities emerge, one can see the improvements in the whole system. It also makes way for the better performance of the whole supply chain management.

Conclusion

Blockchain solutions are really useful and productive for almost any type of website or mobile app that requires something new to be integrated into it. As there is so much variety under which these things are made, these spheres are just being explored which is just the start of the transformation era.