Blockchain - a distributed ledger technology has the potential to store enormous amounts of business data and digital transactions while offering unmatched levels of immutability and data security throughout the process.
Student credentials storage and verification remains one of the primary challenges when it comes to academic records. Blockchain technology not only makes record-keeping seamless and transparent by saving considerable time and effort spent on manual verification, but also offers secure identity management and database management for all students.
The Government and public sector are now leveraging blockchain to replace existing inefficient and costly systems with secure, immutable, and cost-effective solutions. Ranging from citizen records and licenses to digital currencies, payments, and identity management, blockchain technology can support a variety of government applications.
Banks, NBFCs, and Fintech players are now tapping into the blockchain technology for faster and cost-effective cross-border transactions while streamlining the entire process of investments, stock exchange and trading.
Blockchain technology can help transform the supply chain by offering unmatched levels of traceability, transparency, and tradeability. Blockchain-based solutions can help supply chain players reduce operation complexities and eliminate illegal or unethical practices in the ecosystem, thus bringing down the overall supply chain transaction costs.