While numerous businesses are looking for new blockchain use cases, some are simply embracing the already booming and rapidly evolving cryptocurrency market. The user experience of managing assets is challenging for a multitude of business owners, and that raises the strong desire to procure custodial solutions for digital assets. Despite the steep price drop of cryptocurrencies being all over the media, businesses have realized that blockchain is here to stay and can be further improved to suit the advancements in technology. As transactions can easily be traced and regulated by businesses, their competitors, and even the government to identify participants who sign up to become clients, privacy has been one of the long lasting challenges for blockchain. But with a Permissioned blockchain, only select businesses have access to contents of the transaction information. However, as demands outgrew the network capabilities, blockchains began to hit their capacity levels.
As a solution to this problem, the user friendly Lightning Network enables users to route small payments over the network, and occasionally settle their balances on the underlying blockchain layer with fresh, intuitive interfaces. Due to the network’s tamper-resistant design, businesses and governments can implement blockchain projects to store proof of time-sensitive data, and accommodate micropayments with just one cryptocurrency. The scope of blockchain chain also extends into real-estate, empowering large groups of people looking to investing and exchanging ownership of buildings with simplified and accessible transaction networks. As a reaction to this, there is a growing need for digital identities, allowing businesses to control the accessibility of data being shared while ensuring optimal user experience.
Assisting businesses further enhance their infrastructures; a distinguished panel of CEOs, CIOs and APAC CIO Outlook’s editorial board has produced a list of solution providers that exhibit competence and innovation in delivering blockchain technology solutions.
We present to you, APAC CIO Outlook’s “Top 10 Blockchain Technology Solution Providers – 2019.”
