3 Practical Ways To Use Blockchain In Your Business In 2020

Blockchain isn’t overhyped, and it’s no longer the utopian dream of a few crypto enthusiasts. A recent Deloitte report surveyed more than 1,300 senior executives from around the world, and 53% identified blockchain as a critical priority for 2019.

According to the report, blockchain has finally come of age. It’s evolving into a “mature solution poised to deliver its initial promise to disrupt.”

In short, blockchain is going mainstream. 

Blockchain in the Business Mainstream

With growing consumer privacy concerns, intricate global supply chains, and an infinite pool of sensitive data to manage, a tech solution with the potential to address all of these concerns could be the most important innovation of the decade. Think of your business’s biggest challenge or obstacle, and there’s probably a way blockchain can solve it.

To be sure, there are still plenty of naysayers who claim that certain blockchain applications are only theoretical. But that same Deloitte research shows that the world’s top business leaders have stopped asking whether blockchain will work and have started asking how it’s going to disrupt their industries.

Implementation and regulatory hurdles still remain a challenge, but 86% of leaders are confident that blockchain will reach mainstream adoption, according to the Deloitte report. Luckily, there are several ways you can use blockchain right now to solve your business’s most pressing problems. 

1. Share records securely. 

Blockchain could be a solution to the woes of beleaguered industries like healthcare. Medical errors are the third leading cause of death in the United States — many of which are related to communications issues between providers. The growing fragmentation of healthcare, strict privacy regulations, and the high cost of data breaches make the healthcare industry ripe for disruption by blockchain.

Traditional data-sharing…

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