SIMBA Chain, a subsidiary of ITAMCO, has released a guide helping enterprises and those interested in blockchain understand the technology and benefits the technology can afford.
Blockchain and smart contracts have the potential to increase the speed and efficiency of business and manufacturing. Business decisions will benefit from instantaneous tracking of supply chain, when services are rendered, or inventory levels. When handled correctly, the security built into blockchain could add a new level of trust and transparency all while addressing data protection and privacy concerns.
Why Blockchain Important for Enterprises
This ebook explores unique ways enterprise can benefit, but also challenges and considerations to overcome.
- Faster transaction times
- Reduce costs
- Improve security
- Reduce or find fraud
- Transparency
- Incentivize specific consumer behavior
- Building customer loyalty
