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Microsoft: Accelerating the adoption of enterprise blockchain

Microsoft: Accelerating the adoption of enterprise blockchain

Over the past year, we have had the pleasure of working with several customers on their business initiatives related to blockchain’s technology. During this time, we have been helping them to envision business scenarios, choose the right blockchain protocols and distributed ledgers, and most importantly, develop pilots focused on validating the technology capabilities to provide real value to their organizations.

When to use blockchain? From the technical perspective, we could apply blockchain to many scenarios. However, not every situation requires blockchain, but there are some scenarios where it creates significant value compared to alternative technologies. Usually, these are shared business processes, with the organization in different industries such as financial services, manufacturing, or retail.

The recommendation to recognize blockchain scenarios is to make sure you are using the core capabilities of blockchain. You should respond positively to four key questions (see below), and there should be a real business case with measurable outcomes. If this is not the case, please consider using other more mature technologies.

Blockchain capabilities The blockchain is one of the top emerging technologies revolutionizing today’s business models. Fundamentally, blockchain enables participants to exchange value without the need for intermediaries.

But what is blockchain exactly? And what capabilities make it so attractive for enterprises? The blockchain is a disruptive technology trend that enables a shared, authentic, decentralized ledger:

Read the entire article here, Accelerating the adoption of enterprise blockchain | Blog

Via the fine folks at Microsoft.

Microsoft Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services, devices and solutions that help people and businesses realize their full potential.

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