Blockchain has grown out of the shadow of crypto assets. Now it is much bigger and spreading faster in other sectors and industries. Blockchain has started another wave of digital transformation disrupting corporate organizations from their traditional centralized functioning. Businesses are coming up for ways to utilize this technology so as not to be left behind in the new age.
Governments across the world are encouraging businesses to transform to decentralized structuring. Even the central banks of countries such as India, Canada, Russia, Sweden are in process of issuing Digital currency based on blockchain. The era is of decentralization and blockchain is forcing corporates to take another look at this decentralized working system.
PlatinX Technology is one stop solution company which is working towards helping business in this digital transformation. We provide blockchain development solutions and token development services to startups and even established firms. We help businesses achieve greater efficiency and operate productively through blockchain.
Blockchain disrupt corporate organizations
We are living in a centralized hierarchy business system. Organizations, banks and even Governments rely on the centralized working structure. The central authority has the role of verifying, storing information and giving permissions. For example, if you need loan, you need banks. Banks are a central authority and they have the power to decide to whether to approve your loan or not. Similarly, they have the power to verify your transactions and make payments. They charge you for those services too.
Now with Blockchain technology, you don’t need bank to make your payments. The network of computers does that. This distributed ledger technology verifies the transaction and make payments within seconds. You can combine any number of terms and conditions and combine it with blockchain to perform a number of activities.
Blockchain & Smart Contract leading to further Digital Transformation
PlatinX Technology utilizes the features of blockchain technology in an innovative, productive and transparent way for organizations to keep them ahead of the change. The main features of Blockchain on which we work are –
- DLT – Imagine your organization can lose reliance on a centralized server which is a big vulnerability. You can structure your business in form of distributed database that is scattered among nodes. No single point of failure and better efficiency. Contact us to know how we can transform your business through DLT.
- Consensus Mechanism – Targeting of data and verification is done through different consensus mechanism such as Proof of Work and Proof of Stake. PoS is in high demand and it is better for reducing carbon footprint too.
- P2P – Peer to Peer data transfer is in huge demand. Companies can utilize this methodology without setting up an intermediary to regulate transactions. Businesses now profit with this direct payment mode. There is huge rise of P2P payment platforms as well as P2P exchanges. PlatinX Technology is dedicated to help your business grow through a direct mode of exchange or through decentralized digital transformation.
New age of Payments
Blockchain technology & crypto assets have led to hyper digital transformation. We were already dependent on our smart phones and tablets for day-to-day transactions. People these days are hooked on online services. Whether you want to book flight, hotel, cab or you want to watch a movie or visit a museum, online shopping, everything is available.
Consequently, businesses are thinking of ways to adopt this online craze with wider services to bring better customer satisfaction. There are many travel portals where you can make payments in crypto. Other innovations are coming too. However, for payments on Blockchain you require wallet services. All token payments are tracked through online wallets. PlatinX Technology gives businesses the opportunity to facilitate crypto payments through our customized wallet development services.
Conclusion
Blockchain is a revolutionary technology which has paved way for further digital transformation. You can read about how blockchain technology is being adopted in different industries and governments around the world.
Blockchain and Smart Contracts paved way for a new industry known as DeFi. Decentralized Finance is the new age finance. Companies are already utilizing it in providing financing, loans, insurance etc. There are studies on real-life application in other sectors going on too. If you are interested in adopting this technology and bring positive change, PlatinX Technology is here to transform your visions into productive business practices. Get in touch with us and we will help you stay ahead of the changing times by becoming the winner.