4 tools that allow businesses to take advantage of blockchain technology

4 tools that allow businesses to take advantage of blockchain technology

Blockchain technology is one of the most important technological trends in the coming years, and therefore many companies seek to take advantage of it, to gain a competitive advantage in the market.

A survey conducted by Deloitte found that 84% of executives working in various industries believe that blockchain as a scalable technology will become popular in the coming years, and that failure to adopt it will result in the loss of an important competitive advantage. % Of them plan to replace their existing record systems with blockchain technology.

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When it comes to the success of small businesses, and growing growth, they must be involved in the latest digital trends that help. There are many ways small businesses can use blockchain from reliable sources such as Microsoft and Oracle.

Here are four tools that allow companies to take advantage of blockchain technology:

Microsoft Azure Cloud supports blockchain through a service called Azure Blockchain Service Preview, which allows companies to build, manage, and expand consortium blockchain networks.

This service can be used to collaborate more efficiently, increase sales, reduce reliance on banks, and create a new business model. This service can also help provide greater transparency and clarity in the ever-changing financial landscape.

Microsoft has also recently developed a number of software tools to build decentralized technology, such as the cloud-based bluetooth development kit, Visual Studio for Ethereum dapps, a decentralized digital identity management system, and smart contracts.

2- TIBCO:

TIBCO provides blockchain services that provide you with a better financial system and improved sales.It helps you locate the best places to apply blockchain for maximum benefit, helps you evaluate usage cases and their associated value, and then creates a secure transaction exchange solution, Automate business processes across smart contracts, monitor and analyze data.

Openchain platform:
4 tools that allow businesses to take advantage of blockchain technology

Openchain is an effective open-source software platform based on Peer-to-Peer architecture, suitable for organizations that want to issue and manage digital assets in a robust, secure and scalable manner.

Features of this platform include procurement validation, secure wallet technology, proprietary address management, and more. Each transaction in the transaction log is verified by a digital signature, preserves its privacy thanks to decentralization, the accounts are settled in real time, and allows to process thousands of transactions per second.

Oracle Blockchain Platform:

The Oracle Blockchain Platform extends your business processes and applications while enabling you to process business transactions much faster.

This platform allows you to create and operate smart contracts, maintain the Distributed Ledger – a key accounting record – and protect it from tampering with an independently installable version based on Docker containers. Identity verification can also be combined with an intelligent IT system and plug and play integrations. You can reduce costs and risks with this reliable tool.

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