Blockchain journey from Bitcoin to Big Business
Cryptography is the technology that is being used in Bitcoin through the concept of Blockchain. In this video Michael Del Castillo speaks about how companies have adopted it to reach their strategic goals and convert into Big Business.
Organizations are more interested to move values from one point to another using this technology securely. They cannot use permissionless Blockchain like Bitcoin due to regulatory policy in place to safeguard customer data. Instead they use permission setup where the user gets access by invitation only. Blockchain is used to move value from one place to another, and big enterprises are using it to move huge ledger without the involvement of middleman.
Enterprises are giving access to data of their ledger on a permission only to the stakeholders involved so that it creates transparent environment and increases trust. The access is given to all the levels of persons involved and they don’t have to worry about data getting manipulated as it is saved as duplicate files across various computers thus increasing redundancy in data management.
Check out this video to know which fishing company is using this technology to make Big Business.