Technology gets advanced day by day and simultaneously problems such as data manipulation, hacking, and fraudulent activities increase rapidly in almost all the sectors. Supply Chain Management is also a victim. No matter how much a product is safeguarded, there will always be an open gate for hackers and fraudsters. Also, the demand for greater speed, increased quantity, and cheaper utilization is increasing rapidly. The idea of Blockchain platform for supply chain management was proposed to eradicate the recurring problems and provide legit & accurate solutions to the logistics sector. If properly employed, Blockchain will act as the end card for counterfeiters and promote businesses with track-ability and transparency, while ensuring safety and privacy. Learn More about Blockchain in Supply Chain Logistics.
Blockchain Identity Solutions, a set of decentralized and secure services that reduces the manual work of the participants by controlling the actions via a distributed and trustworthy model.
BLOCKCHAIN IN IDENTITY MANAGEMENT The blockchain technology is advancing various sectors by rendering security, privacy, transparency, and a lot more features, adding value to their businesses. Thus, by employing blockchain in identity management, data and user privacy can be safeguarded in a highly secure manner.
PROBLEMS WITH THE EXISTING IDENTITY MANAGEMENT The existing method of identity management is neither safe nor stable. Whenever a user wants to open a bank account, apply for loan, or book tickets, he/she has to undergo multiple verification like submitting a government ID proof, attaching a photo, and so on. This process is so tiring that many users end up before half of the verification gets over. Also, sharing multiple impressions leads to data breaches and other privacy concerns.
HOW BLOCKCHAIN DISRUPTS IDENTITY MANAGEMENT? Blockchain technology opens the gate for self-sovereign identity through decentralized networks. A self-sovereign identity guarantees privacy and trust, where the IDs are secured, validated, and approved by acknowledged users.
Blockchain Firm provides secure, legit, and digitized identity solutions through Secure Identity Platform (SIP) via two or multi-factor authentication, thus eliminating the entry of usernames and passwords each time. Learn More with best Enterprise Blockchain Solutions.
Blockchain technology is the best and emerging solution for Financial Services Industries as it allows the faster and cost-effective process of transactions via a digital ledger. Let’s take a look at the benefits of blockchain in financial services.
A supply chain is an enormous industry with a minute to minute transactions. One way to simplify the humongous process would be to use blockchain in supply chain logistics. The technology enables all the parties involved to keep a track of the product from the point of origin to that of the touchdown. This extends efficiency and allows real-time growth.
We create distinct approaches to your customers through our revolutionary blockchain. Our service will provide your business with a greater level of transparency which will help you elevate it to heights. The team of experts at Blockchain Firm will ensure you get the best supply chain management solution for logistics needs.