Blockchain Consulting Solutions and Workshops to Attend

Blockchain technology has the potential of making every centralized process fully autonomous due to its decentralized nature and capability to store the information in an immutable manner. The technology can fundamentally change a variety of business processes that currently require trusted third parties, like banks or attorneys for their operations. One key advantage of blockchain over other ledger software is that it is programmed to be immutable, so no single stake holder can make changes to the data in the blockchain without other network participants agreeing to it.
The information is stored over multiple blocks of the chain that are connected to each other with unique identifiers, and to corrupt the information in a blockchain, one will have to make changes in every block, which is impossible given the amount of time and effort needed for this. That’s the reason no blockchain had been hacked so far since its inception for over a decade now.
Blockchain does not require powerful third party intermediary to validate a transaction. It makes use of cryptography technology to record any type of structured information, including the one related to authentication and trust. With its single source of truth, blockchain allows for rich querying and quick audits.
Smart contracts gaining traction
Moreover, since blockchain is distributed across multiple networks, it is hard to do fraud. Self-executing smart contracts ensure that the transactions are effected only on meeting certain predefined conditions. For example, a property document stored with blockchain smart contract cannot be hidden or deleted from the prospective buyers, making the transaction transparent for all. Smart contracts are expected to see wide usage in the coming 5 years across a range of industry verticals.
Experts predict that blockchain technology projects will exceed cloud computing and IoT in the industries like venture capital investment. Blockchain will also be helpful in addressing security issues related to contracts, identity and fraud management.  
Blockchain improves efficiency
Blockchain will become the technology of choice for the industries like healthcare, insurance and ecommerce where integrity of data is of paramount importance. The reason why blockchain is being embraced by businesses is because of its efficiency as it makes transactions safer, quicker and simpler. In today’s times when hacking is widespread, banks find it hard to fend off attempts to invade the financial privacy of the customers, while blockchain allows greater control over the transactions to the bank consumers. Blockchain is widely been used by global supply chains to improve efficiency and transparency, and to authenticate and validate transactions in a trustless environment.
Does your industry really need a blockchain solution, and do you have necessary infrastructure to support a blockchain application for your startup or SMB? At Group50, we offer blockchain consulting solutions to businesses looking to adopt the technology to gain competitive business value. Our blockchain consultants have come up with their proprietary Scioebc blockchain solution for supply chain which is based on an IoT platform called Thinaer.
Workshops on blockchain and IoT
We provide specific workshops on the below as part of our blockchain consulting solutions for SMBs:
·         Blokchain and IoT Economics and Governance Workshop
·         Blockahain and IoT Immersion Workshop
·         Blockchain and IoT Strategy Workshop
·         Blockchain and IoT Implementation Roadmap Workshop
These workshops are conducted by our blockhcain consultants who themselves have worked on a range of challenge blockchain implementation projects for our clients. Register yourself at www.group50.com to get rare insights on blockchain and how you can implement the technology for better business gains. 

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