While many companies tend to equate blockchain with Bitcoin, cryptocurrency is only one of blockchain’s many applications. The technology behind this emerging market has the potential to fundamentally change the way we do business. Compared to traditional databases, the main advantage of blockchain is its transparency, as the ‘blocks’ in each ‘chain’ are immutable. At its core, blockchain is a distributed, secure ledger, ensuring that any data entered cannot be altered or hacked.
Blockchain accommodates transactions and smart contracts between companies, without having to rely on a third party. It’s an automated way to invoke trust among participants looking for consensus. To this effect, blockchain increases efficiency, improves traceability and reduces the cost of maintaining trust between parties.
Combining emerging technologies
Today, Simac ICT Belgium is one of the few integrators to offer a team of Certified Blockchain Solution Architects. We look beyond the hype and explore where can we implement the most relevant aspects of this new technology into your organization. Our expert consultants believe that the value of blockchain lies in its ability to combine with other technologies, such as IoT. From tracing goods and optimizing logistics to monitoring temperature and registering a breach of contract, blockchain applications pave the way to automated and simplified business processes.
As experienced leaders in this new field, Simac is perfectly poised to help you unleash the true power of blockchain, provide answers to the many questions you may have and offer you a next-generation solution, catered to your needs.