Does your business need Blockchain? Let’s find out!

by | 01-01-2020


Blockchain operates on a decentralized network with end-to-end encryption and eliminates the need for third-party involvement.

Gone are the days of keeping the stash of cash to make a big purchase. Welcome to the crypto world! An epoch initiated with many risk-takers who successfully turned the tables by introducing an approach of trading via a decentralized, secured network. Get advanced with Blockchain, and forget to share your critical monetary details with any random finance administrator. Blockchain operates on a decentralized network with end-to-end encryption and eliminates the need for third-party involvement.

Cryptocurrency was once a myth; now, it is a reality and a futuristic approach rapidly occupying business industries. Bitcoin marked the highest record of USD 68,789.63 as Blockchain relished the spectacular peak last year. Every entrepreneur adapts blockchain tech to make secure, swift, and instant payments anywhere.

The top-notch cryptocurrency in 2022 is Bitcoin; Ethereum marks the second rank. Alt-coins, Ripple (XRP), Tether (USDT), Litecoin (LTC), Cardano (ADA), and Binance Coin are some other namely digital currencies.

Blockchain technology is transforming industries by providing streamlined logistics, high-class cyber security, and a clear track of every transaction. 

Ledger Tech Used in Business Operations

Here are some of the companies employing ledger tech in their business operations:

  • IBM (IBM)
  • Microsoft (MSFT)
  • Oracle (ORCL)
  • Intel (INTC)
  • Anheuser-Busch InBev (BUD)
  • Daimler (DAI)
  • Walmart (WMT)
  • Goldman Sachs (GS)
  • Alibaba (BABA)

Reasons Why Your Business Needs Blockchain

Are you still scratching your head with the blockchain bewilderment? Say no more! Here are some of the reasons why your business needs blockchain:

Blocks Payment Scams

With a blockchain system, businesses use an escrow-type system to construct “smart contracts” for inscribing any agreement. Moreover, the transactional records can never be altered as they are documented on tamper-proof public ledgers.

Blockchain works on a decentralized system without any involvement of a third party to minimize the risk of manipulation or data invasion. Businesses are grabbing the ledger system into their operations for safe, secure, transparent, and risk-free tradings.

Protects Intellectual Property

Blockchain technology is advanced enough to record the most critical particulars of a human cell to the enormous facts of a monumental projectile. The evolved automation protects (IP) aka the intellectual property of every innovation, giving originators the right to claim their invention. 

Eliminates Third-Party Involvement

Blockchain works on a peer-to-peer design that enables businesses to trade without any need for a bank or financial governance. The one-to-one transactions are transparent, swift, and can be carried out anywhere. Moreover, entrepreneurs can save costs incurred by banks for securing the transaction. Trading can be carried out within minutes, making Blockchain a standout medium to transfer funds.

Access to High-quality Data

Blockchain data is always up to date, complete, accurate, and consistent, helping entrepreneurs to make knowledgable decisions and track all the business operations in real-time. With this ledger tech, supply chain surveillance is manageable as every minor and significant detail, including expenditures, shipping, inventory, and customers’ data, are transparently displayed.

The Rise of Blockchain as a Service

Blockchain is evolving as many tech advancers are now offering Blockchain as a Service (BaaS). With Blockchain as a Service (BaaS), businesses can adapt and employ blockchain technology within their operations instead of getting the tech from scratch. 

Check out the list of popular tech providers operating with Blockchain as a Service (BaaS):

  • Azure Blockchain Workbench
  • HPE Mission Critical Distributed Ledger Technology
  • HPE Pointnext
  • IBM Blockchain
  • Oracle Blockchain Applications Cloud
  • Samsung Nexledger
  • SAP Cloud Platform Blockchain

The story is not all said, as Google is now developing a blockchain network enabling third parties (banks, financial subsidiaries) to access the system. On the other hand, Intel has formulated Software Guard Extensions to maximize the safety and security in blockchain dealings.

Blockchain is the New Tomorrow

Blockchain is no longer a myth but the ultimate reality transforming the industries rapidly. In 2017, the global blockchain market was estimated to be around $708 million. The tech market will cross above $60.7 billion by 2024. Blockchain network is beneficial for all sorts of businesses, including; insurance, banking, supply chain management, real estate, automotive, stock trading, and healthcare. 

Get your business a new face with blockchain software development and reach the gates of success.

Recent Posts

hashing in blockchain
Hashing in Blockchain – A Comprehensive Guide

Hashing is one of the most important aspects in the realm of blockchain technology. For maintaining the integrity of data, hashing is of paramount importance. Indubitably, hashing is the fundamental pillar of blockchain’s security and integrity, safeguarding your digital transactions to a remarkable extent. This comprehensive guide delves into the detailed workings of hashing in […]

Brazil Adopts Blockchain
Brazil Adopts Blockchain for Digital ID Verification

In a groundbreaking development, the Brazilian government has revealed its intention to leverage blockchain technology to revolutionize the national digital identification system. This announcement aligns with the government’s efforts to adopt technology for enhancing cybersecurity and efficiency in various fields. In the initial stage, blockchain technology will be integrated into the national identity program in […]

how to create stable coin
How to Create Stablecoin in 2024 – A Quick Guide

We are living in the era of the emergence of decentralized currencies. In the decentralized world, secure connections of blocks containing data are the central elements of Web 3.0, the crypto world, NFTs, and other types of digital assets. One of the biggest issues one faces while dealing with cryptocurrencies is their volatility and instability. […]

Top 5 Blockchain Protocols to Know in 2024

Every industry needs a robust and undeniable technology for critical development. What’s more, without blockchain in the game, it’s profoundly improbable for any business to develop it. Blockchain is vital in the modern space to help accomplish critical, careful, and dependable objectives. So, blockchain enhances your business infrastructure and the wide range of various viewpoints […]

Profile Picture

Muhammad Mustafa is a software developer at Ropstam having rich experience of more than 5 years. With a background in software development, Mustafa combines his knowledge of various technology stacks with a passion for DevOps and software quality assurance. Besides coding and writing, he loves cricket and traveling.

Muhammad Mustafa

Related Posts

Visual Studio Code vs Sublime Text

Sublime Text vs VSCode – Which Editor is Better?

A good code editor helps speed up the development process. An amateur or even an expert developer relies on a code editor to identify syntax errors and enhance the development cycle. Back in the...

Tips For Android Developers To Become Successful In Google Play Store

Everyone looks for an app with the expected performance on the market and prevents failure at any cost. The web is therefore full of advice and tips for achieving success with mobile applications,...

Why Is A Project Manager Important For Software Development?

A vital piece of software project management is guaranteeing that everybody engaged with the software improvement process knows about the project's motivation and the means expected to accomplish...

Alibaba Set To Launch ChatGPT Rival

Chinese tech giant Alibaba recently unveiled its own version of an AI chatbot named Tongyi Qianwen. The cloud computing unit of Alibaba, Alibaba Cloud, announced on Tuesday that the company would...

Why our clients
love us?

Our clients love us because we prioritize effective communication and are committed to delivering high-quality software solutions that meet the highest standards of excellence.

anton testimonial for ropstam solutions

“They met expectations with every aspect of design and development of the product, and we’ve seen an increase in downloads and monthly users.”

Anton Neugebauer, CEO, RealAdvice Agency
tariehk testimonial for ropstam solutions

“Willing to accommodate nonprofit budgets, Ropstam brought their robust experience to the project. They checked in consistently, and were communicative, easy to reach, and responsive.”

Tariehk, VP of Marketing.
mike stanzyk testimonial for ropstam solutions

“Their dedication to their clients is really impressive.  Ropstam Solutions Inc. communicates effectively with the client to ensure customer satisfaction.”

Mike Stanzyk, CEO, Stanzyk LLC

“Ropstam was an excellent partner in bringing our vision to life! They managed to strike the right balance between aesthetics and functionality, ensuring that the end product was not only visually appealing but also practical and usable.”

Jackie Philbin, Director - Nutrition for Longevity

Supercharge your software development with our expert team – get in touch today!

"*" indicates required fields

This field is for validation purposes and should be left unchanged.