Blockchain is cool, but what does it actually solve for us? To put an end to this, Enterprise Blockchain Solutions emerged with secure, advanced DLTs.
But the massive crypto trading platforms in the market make us think blockchain is only for crypto and fiat transfers.
Blockchain enterprise use cases are beyond those. The supply chain, healthcare, and real estate are the existing proofs that blockchain solves real-world problems.
Tesla, IBM, and BMW are the live solutions. Entrepreneurs who wish to start a secure, advanced business model will explore the use cases and benefits of enterprise blockchain.
Let’s begin.
What is Enterprise Blockchain?
Enterprise Blockchain is a permissioned private blockchain version purposely built for businesses to solve real-world problems. It acts as the route for several organizations to collaborate on real-time data with security, confidentiality, and control.
Regulatory compliance is what matters most in public blockchains. But in blockchain enterprises, it works on mutual agreement between the tied entities. You may be curious about how blockchain works in healthcare and supply chains.
Now we can see the proven it’s use cases.
Proven Enterprise Blockchain Use Cases
Blockchain is used in our day-to-day lives for medical systems, tracking the manufacturing process, and even in energy. While many hesitate to try this in their business, some bold names like Walmart, IBM have implemented and attained success with it.
Healthcare
Today, we’re reading lots of news on medical mismanagement. Any fault in healthcare leads to unwanted mistakes that can even lead to fatalities. Even though our medicines are advanced, the healthcare system isn’t. To restrict such failures in the medical field, blockchain technology is utilized.
Healthcare in blockchain brings
- Secure digital health records
- Instant verification of medical credentials and lab results
- Transparent record and management
Supply Chain Management
Our daily routine is flooded with more products. Blockchain helps us track the manufacturing process from start to end in real-time.
Supply chain management for your business
- Provide end-to-end visibility for goods
- Automate documentation with smart contracts
- Reduces the manual paperwork
- Enable real-time data sharing across vendors, warehouses, and retailers
Real Estate
Enterprise Blockchain in Real Estate reduces the risky, lengthy transactions with fractional ownership. This opens the way to sell the physical assets at your desired price.
Real estate enterprise blockchain solutions
- Store immutable property records on blockchain
- Use smart contracts to automate escrow and settlements
- Enable real-time verification of ownership and documents
Cyber Security
When it comes to security, decentralized systems are safer than centralized ones. It reduces cyber threats and enables users to access and have full control with an immutable nature.
Your blockchain enterprise can ensure integrity with the
- Use decentralized identity management for user access
- Log all activity immutably for auditing and compliance
- Share threat intelligence across organizations securely
Energy
Lack of transparency in carbon credits is widely noted. And to eradicate this, P2P energy trading is brought.
Blockchain enterprise in the energy sector
- Allow peer-to-peer energy trading
- Track renewable energy certificates (RECs)
- Automate grid balancing using smart contracts
Food Safety
You can record each step in the food journey, covering the farm, the processor, the shipper, and the retailer.
Ensure food safety in your enterprise with
- Alerts instantly when contamination occurs.
- Proving product authenticity and ethical sourcing.
Retail
Entrepreneurs have the great ability to make sure the goods reach the proper destination. And also easy to identify similar fake products in their units.
Retail Enterprise Blockchain Development help
- Verify product authenticity with blockchain-verified QR codes
- Consolidate customer loyalty data across platforms
- Optimize inventory based on real-time supply chain info
First-Class Enterprise Blockchain Development Services at your fingertips
Now discover the latest examples of Enterprise Blockchain Development.
Real-time Enterprise Blockchain Examples
- Healthcare: The Mayo Clinic and IBM Watson Health are piloting blockchain to manage electronic health records (EHR), ensuring patients and providers have a single, accurate version.
- Supply Chain Management: Walmart uses blockchain in its enterprise to trace produce and meat through the supply chain. A process that once took 7 days now takes 2.2 seconds, improving food safety and recall accuracy.
- Real Estate: Sweden’s Lantmäteriet (land registry) uses blockchain for land title registration and sales.
- Cyber Security: The U.S. Department of Defense is exploring blockchain to secure communication and mission-critical data across branches.
- Energy: In Brooklyn, the LO3 Energy project lets neighbors sell excess solar energy to one another using a blockchain-powered marketplace.
- Food Safety: The popular brand Nestlé utilizes blockchain to track the origin of baby formula and coffee. This ensures that customers know exactly where their food comes from.
- Retail: Aura Blockchain Consortium to combat counterfeit goods
Explore how enterprise blockchain adoption benefits your business.
Business Benefits of Enterprise Blockchain Development
Security
Enterprise in blockchain uses advanced cryptography and permissioned access. It protects sensitive business data from unauthorized access.
Immutability
You, I, or anybody can’t remove or alter any data in the blockchain network. It creates a permanent record to ensure transparency and trust in every transaction.
Decentralization
Enterprise blockchain solutions distribute data across multiple trusted parties. This reduces the risks of single points of failure and boosts resilience.
Interoperability
Blockchain’s interoperability nature makes it integrate smoothly with existing business systems and across different organizations. This enables uninterrupted data exchange and collaboration.
Accountability
Each transaction on the blockchain network is recorded with a time stamp, location, etc. This drives responsibility and compliance in complex business networks.
Reputed Enterprise Blockchain Projects
Disclaimer: All the top brand logos are solely used for descriptive purposes.
Here, I’m listing out the reputed enterprise blockchain adoption in government sectors and high-profile brands.
NASA partnered with Cardano to improve the security, transparency, and efficiency of its operations.
Cardano’s CEO himself revealed at a conference. By the Masumi network, Cardano is bringing forward many innovative enterprise blockchain projects powered with AI.
FedEx also embraced Blockchain technology to set its foot another step toward the global transportation space.
The trending brand name Tesla uses blockchain to track its vehicle components to ensure authenticity in the supply chain. Using the Hyperledger Fabric blockchain Protocol, it eases the shipping documentation.
In the upcoming years, we can see many more blockchain enterprise companies get added to this list. And I’m pretty sure will update this. Select a reputable Enterprise Blockchain Development Company and start your business.
In Summary
Nothing is ever too late to start!
So does starting Enterprise Blockchain solutions, addressing all the problems we face. You don’t need to appoint any workers for manual, paperwork.
With the emergence of Blockchain Technology, you get everything automated with advanced solutions like bots.
Choosing the right Enterprise Blockchain Development Company will put you the destination you always dreamed of. And who knows, you’ll likely be the next big competitor for them too!
Get the best Enterprise Blockchain Solutions RIGHT NOW!🚀
FAQs
What are some of the advantages of implementing enterprise blockchain?
You get advanced security, immutable records, a decentralized operating system, interoperability, and accountability.
What are the popular enterprise blockchain examples?
Walmart, IBM, FedEx, Tesla, and Nestlé are popular examples of enterprise in blockchain.
List out the enterprise blockchain use cases.
Healthcare, Supply Chain Management, Real Estate, Cyber Security, Energy, Food Safety, and Retail are the blockchain enterprise use cases.
What feature about enterprise blockchain is accurate?
The immutable nature makes every entity go towards enterprise blockchain adoption.
