What’s Coming for Enterprise Blockchain in 2021 by Mark Rakhmilevich
Blog: PaaS Community
As pandemic swept the world this year, many companies saw a significant drop in their business, and anticipating a prolonged economic contraction focused on cost savings and optimizations. Unsurprisingly, enterprise IT spending overall and emerging technology spending in particular has re-focused on generating near-term savings, risk reduction, and business optimizations. The organizations are looking at blockchain initiatives that can deliver these, for example, B2B reconciliations using a distributed ledger and smart contracts, which can reduce the time and costs of manual exception handling, speed up time to settle, and automate variety of B2B transactions based on single source of truth provided by transparent access to a distributed ledger and pre-agreed smart contracts. Read the complete article here.
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