CIOAdvisor Apac

  • Home
  • Vendors
  • News
  • Conference
  • Whitepapers
  • Newsletter
  • Subscribe
  • About Us
  • Specials

  • Menu
      • Ad Management
      • Application Security Testing
      • Artificial Intelligence
      • BPO
      • Contact Center
      • Data Analytics
      • Deep Learning
      • Digital Marketing
      • Digital Transformation
      • Disaster Recovery Services
      • Disinfection and Sanitization
      • E-Invoicing
      • Ecommerce
      • Govt Tech
      • HubSpot
      • Human Resource
      • ICT
      • IoT
      • Laser and Photonics
      • Leadership Development
      • Logistics
      • Machine Learning
      • Marketing Technology
      • Mobile Application
      • Parking Management
      • Payment And Card
      • SDN
      • Telecom
  • Digital Transformation
  • Logistics
  • IoT
  • Payment And Card
  • Artificial Intelligence
Specials
  • Specials

  • Ad Management
  • Application Security Testing
  • Artificial Intelligence
  • BPO
  • Contact Center
  • Data Analytics
  • Deep Learning
  • Digital Marketing
  • Digital Transformation
  • Disaster Recovery Services
  • Disinfection and Sanitization
  • E-Invoicing
  • Ecommerce
  • Govt Tech
  • HubSpot
  • Human Resource
  • ICT
  • IoT
  • Laser and Photonics
  • Leadership Development
  • Logistics
  • Machine Learning
  • Marketing Technology
  • Mobile Application
  • Parking Management
  • Payment And Card
  • SDN
  • Telecom
×
#

CIO Advisor APAC Weekly Brief

Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from CIO Advisor APAC

Subscribe

loading
  • Home
  • News
Editor's Pick (1 - 4 of 8)
left
The State of IT Spending and What This Means for Businesses

Mohan Veloo, Vice President,Technology, F5 Networks [NASDAQ: FFIV]

Agile Banking Powered by Fintech

Henry Ma, EVP & CIO, WeBank

Borderless World of Payment with Blockchain

Prasanna Lohar, Chief Innovation Officer, DCB Bank

IT Simplifying the Residual Payment Process

Daniel Inukai, CIO, SAG-AFTRA

Building a Local Technology Team

Chris Cawood, CIO, OceanaGold Corporation

Digital with a human touch: Technology is rewriting the rulebook for human interaction

Michael Gorriz, Group CIO, Standard Chartered Bank

Automation Helps IT be a Valuable Business Partner

Sandy Figurski, CIO, Horace Mann

Ways to Take Friction Out of Cross-border Transfers

David Thompson, EVP, Global Operations & Technology & CIO, Western Union

right

THANK YOU FOR SUBSCRIBING

The Proliferation of Blockchain and its role in Overcoming Payment Impediments

CIOAdvisor Apac | Friday, November 15, 2019
Tweet

Over the last couple of years, the growth of bitcoin has been immense if not to a paramount level. Recently, we saw Winklevoss twins becoming the first bitcoin billionaires. But, before proceeding any further, we need to understand blockchain technology and how it can pre-empt payments delays in SMEs. For starters, it can be defined as a public ledger where anonymous transactions are recorded between different parties, primarily during bitcoin money transfer and payment network. Often associated with virtual currency and cryptography, blockchain is mainly architected to share burgeoning data among several computers linked together in a chain. 

How can blockchain prevent delays in SMEs?

Companies can implement smart contracts built with blockchain technology to prevent payment delays for delivered goods. These smart contracts are linked to virtual currencies to facilitate immediate payments when contractual conditions are met. However, to create such an environment, it becomes important to develop a public blockchain to be used by companies.

Many researchers and fintech adepts enunciate blockchains as the next leading-edge technology, and hence, such technology use should be increased and fostered instead of restricting it.   

See Also: CIOReview APAC

Check Out: Top Blockchain Solution Companies

tag

Fintech

Featured Vendors

  • MVI Technologies: Innovative, Future-proof Financial and Payment Switching
    MVI Technologies: Innovative, Future-proof Financial and Payment Switching
  • DATAMARK: Process Driven Solutions in Action
    DATAMARK: Process Driven Solutions in Action
  • IMACREA: Shaping the Future of Teleworking
    IMACREA: Shaping the Future of Teleworking
  • PuzzleBox BPO, Inc.: A Hybrid Platform for Customer Support and Sales Empowerment
    PuzzleBox BPO, Inc.: A Hybrid Platform for Customer Support and Sales Empowerment
ON THE DECK

Read Also

Safeguarding Quality through Proactive Risk Management

Cultivating a Culture of Agility: Nurturing Adaptability for Organizational Success

Governance for Smarter KPIs: Enhancing Performance Measurement

Embracing the Irreplaceable Human in Business and Beyond

Leveraging Gamification for Deeper Financial Engagement

Generative AI: The Game-Changer Automates Marketing For The Retail Industry

Loading...

I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

Copyright © 2025 CIO Advisorapac. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy Policy |  Sitemap

follow on linkedinfollow on twitter
This content is copyright protected

However, if you would like to share the information in this article, you may use the link below:

https://www.cioadvisorapac.com/news/the-proliferation-of-blockchain-and-its-role-in-overcoming-payment-impediments-nwid-742.html