Increasing number of companies exploring Blockchain

A CNBC article yesterday reported the release of a research report on large corporations’ interest in Blockchain. The study was carried out by Juniper Research and reportedly showed that 57% of large corporations (20,000 employees or more) are considering implementing Blockchain somewhere in their business processes. /1/

The study also showed that two-thirds of these corporation expected to implement Blockchain by 2018 /1/. This interest came not only from corporations in the financial sector, but also from corporations of other industries.

BASF investigates Blockchain potential

High quantities of exchanged information or transactions requires an increasing level of transparency from corporation of various industries. The German chemical company BASF, for example, is recently reported to have begun investigating the potential for Blockchain in their supply chain processes /2/.

Blockchain is highly applicable in the optimization of supply chains due to its ability to provide a seamless record of a goods activities (location or movement, for example).

Blockchain-supply chain solutions already on the market

Solutions tailored to supply chain are already available for companies to implement. faizod.Blockchain-Gateway, for example, is capable of simply and quickly transferring all data from machines collecting information on products (GPS, pressure, movement, temperature, etc.) into a Blockchain.

To read more on faizod.Blockchain-Gateway and the possibility for Blockchain implementation in supply chain, click here.

Sources
/1/ https://www.cnbc.com/2017/07/31/blockchain-technology-considered-by-57-percent-of-big-corporations-study.html
/2/ https://www.coindesk.com/german-chemical-company-pilots-supply-chain-blockchain/

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