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
How Cloud Migration Fueled Digital Transformation and Global Growth for ACI Specialty Benefits

Ryan Fay, Global CIO, ACI Specialty Benefits

Configuration Management Technology and Its Use in Information Technology Management Operations

Kelly Summers, CHCIO, SVP & CIO, Maricopa Integrated Health System

The Advent of Crypto

Grant Brett, CIO, Forex Club

Supporting Business with the Right Technology

Andy Jurczyk, CIO, Seyfarth Shaw LLP

A Closer Look at Block Chain Technology

John Shea, CIO, Eaton Vance

Why are enterprise blockchain solutions not widely adopted yet?

Mariana Gómez de la Villa, Program Director Distributed Ledger Technology, ING

Blockchain: The answer to solve the perennial issues in the Telecom Industry

Neeti Virmani, Venture Partner, Loyal VC

Tug-of-War: Will Blockchain Bring Data Ownership Back to Users?

Nicole Nguyen, Head of APAC, Infinity Blockchain Ventures

right

THANK YOU FOR SUBSCRIBING

The Widespread Impact of Blockchain Technology in the World

CIOAdvisor Apac | Wednesday, October 23, 2019
Tweet

In a perpetually evolving economy, blockchain technology proves to be a very promising advancement, especially in major financial establishments where security is key and change is not very welcomed. Pioneers intend to invest substantial resources to learn the best way of implementing blockchain beyond cryptocurrencies. They are not alone; businesses in possession of important digital assets from contacts to contracts can utilize blockchain technology to their advantage.

When New York-based former beverage company announced its name change from Long Island Iced Tea to Long Blockchain Corp., its stock prices skyrocketed by 200 percent. Blockchain technology has limitless potential with investors, demonstrated by the cryptocurrency market being inundated with investors over the past few years.

Several of the world’s visionaries are using the technology for decentralization of industries that are suffering from inefficient centralized architecture. With the inception of bitcoin in Satoshi Nakamoto’s Bitcoin whitepaper in 2008, blockchain proved to be one of the most feasible technologies to decentralize industries, giving rise to micro fees, advanced security, and enhanced efficiency.

1. Supply Chain Management

Blockchain has the most convenient application for globalized supply chains as the technology enables fund transfers anywhere in the world without the need for traditional banking. It is highly transparent as every transaction is documented on a block and across multiple copies of the ledger. Blockchain can increase the transparency and effectiveness of supply chains while also improving warehousing, delivery, and payment.

2. Banking

Blockchain technology in banking sector can help devise alternative revenue options, minimize errors and exceptions, cut down costs, and remarkably reduce or possibly eliminate the extended settlement periods between banks. Ripple, a blockchain startup has stated that their technology could reduce banks’ operating prices by 33 percent and transfer money in seconds.

3. Artificial Intelligence

Blockchain and artificial intelligence (AI) are technological trends that, when combined, have the groundbreaking potential to revolutionize the use of technology in industries. AIs are capable of computing an infinite number of variables to pinpoint the important ones required for a task. Such decisions are sometimes too complex for humans to understand. The step by step recording of the decision-making process on blockchains brings forth transparency. Blockchain can help us monitor, assess, and explain decisions made by AI.

4. Agriculture

In the agriculture industry, blockchain has begun to change the complexity of tracking and managing the delivery of items to the consumer, with numerous parties involved in between. Information logged in the blockchain would assure increased food safety and reduced food fraud, and improve payment assurance eliminating the issue of price changes between buyers and consumers.

Check Out : TOP AGTECH STARTUPS

tag

Startups

Supply Chain Management

Fraud

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-widespread-impact-of-blockchain-technology-in-the-world-nwid-957.html