By providing help in the COVID-19 crisis, blockchain is playing a crucial role in transforming the economic status quo in favor of a more digitalized one. The uncertainty in the business sector has made 2020 a vital year for accelerating the maturation of blockchain beyond the initial threshold and bring forth significant technological advances that are already underway.
In 2020, blockchain will continue to grow in the finance sector, ahead of other industries, with healthcare following in heels. During the ongoing global crisis, both financial and healthcare data are of utmost importance. And, with the increase in cross-border and cross-organization collaboration, blockchain is offering a highly secure way of safeguarding critical data. Other applications such as food tracking, goods authentication, and storage of sensitive data are also leveraging blockchain technology to consolidate regulatory work, tying real-world objects to their tokenized equivalents.
Moreover, when the global supply chain is disrupted, blockchain can offer unprecedented visibility into the supply chain and partner networks. Previously, even though manufacturers would possess knowledge of problems with their tier one suppliers, it was less likely to know what was happening with the supplier’s partners. Blockchain can, at this juncture, accelerate post-crisis digital transformation of supply chains and solve those problems highlighted in the current system. With these trends in mind, 2020 is going to define the shape of the things to come. This year might also get an early glimpse of the kind of services and tools that will be used widely in the future.
At this juncture, blockchain tech solution and service providers with advanced and integrated offerings are on the rise. To help agencies strengthen their operations capabilities and simultaneously enable growth in the sector, APAC CIO Outlook has compiled a list of the Top 10 Blockchain Tech Companies and Top 10 Blockchain Tech Consulting/ Service Companies. The list comprises prominent organizations in the industry that address challenges in the blockchain domain by implementing current trends. Besides, the magazine also includes insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.
We present to you APAC CIO Outlook’s, Top 10 Blockchain Tech Companies – 2020.