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Showing posts from September, 2020

Enterprise blockchain solutions untangle intercompany transactions

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At least 50 MNCs of the Forbes Global 2000 list are employing their enterprise blockchain solutions to process intercompany transactions. With many subsidiaries operating in different jurisdictions, intercompany transactions of MNCs require high accuracy and reliability over a long time. Building a system that allows smooth transactions and provides sufficient information for the rigorous audit process is a big challenge for MNCs. Leveraging the transparent, immutable storage capabilities of enterprise blockchain solutions to process intercompany transactions is a trending movement in many MNCs. Difficulty in managing intercompany transactions of MNCs An MNC's business network generally includes the following types of stakeholders: Subsidiaries, shared service centres, regulators, suppliers and customers in different jurisdictions. Operating in the global market requires MNCs to ensure a balance between the regulations, the company's inherent modes of operation and the specifi...

Sự trỗi dậy của giải pháp blockchain doanh nghiệp trong ngành kế toán

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Khả năng ghi chép lại các dữ liệu giao dịch với sự minh bạch là chìa khóa cốt lõi giúp các giải pháp blockchain doanh nghiệp trỗi dậy trong hoạt động kế toán. Hoạt động kế toán đòi hỏi tính chính xác và minh bạch cao của các dữ liệu giao dịch. Yêu cầu chặt chẽ này khiến cho ngành kế toán chưa thực sự có những thay đổi đột phá trong qúa trình số hóa dữ liệu. Khả năng ghi chép lại các dữ liệu giao dịch với sự minh bạch là chìa khóa cốt lõi giúp các giải pháp blockchain doanh nghiệp trỗi dậy trong hoạt động kế toán. Theo báo cáo cảu Juniper Research, vào năm 2030, 27 tỷ USD là số tiền các tổ chức tài chính tiết kiệm được khi ứng dụng công nghệ blockchain.  Sự trỗi dậy của blockchain trong hoạt động kế toán Kể từ khi xuất hiện, công nghệ blockchain đã nhận được rất nhiều sự quan tâm của những công ty lớn về tài chính, kế toán. Tính đến nay, 4 tổ chức kiểm toán hàng đầu thế giới bao gồm PwC, Deloitte, Ernst & Young và KPMG đều đã thành lập những phòng nghiên cứu về blockchain và ứn...

Accounting in quest of adopting enterprise blockchain

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The ability to record transactional data with transparency is the key to enterprise blockchain solutions emerging in accounting. Accounting activities require accuracy and transparency of transaction data. This strict requirement makes the accounting industry not have any breakthrough changes in the data digitization process. The ability to record transactional data with transparency is the key to enterprise blockchain solutions emerging in accounting. According to the Juniper Research report, by 2030, $27 billion is the amount financial institutions save when applying blockchain technology. Blockchain in accounting Since its inception, blockchain technology has received much attention from big companies in finance and accounting. The four leading auditing organizations in the world including PwC, Deloitte, Ernst & Young, and KPMG have all established blockchain research labs and their application in finance and accounting activities so far. Organizations such as the Australian G...

Kicking off enterprise blockchain solutions in the airline industry

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New enterprise blockchain solutions are launched to improve the efficiency of the aviation industry, promising a powerful transformation. Airline transport is convenient for international trips and long-distance travels. The digitalization of the aviation industry is bringing powerful transformations to this high-value transportation industry. Accordingly, as more and more people choose to travel by plane, there is a need for more powerful and efficient data system management solutions. Blockchain technology is showing the positive results in the aviation industry, with an impressive number of 22.1% CAGR - up from $421 million to $1,394 million from 2019 to 2025. New enterprise blockchain solutions are launched to improve the efficiency of this ecosystem. The issue of data management and data security of the aviation industry The aviation industry requires a vast investment cost with many modern technologies involved, so operating the system behind the flights is challenging. This pr...

Determine the enterprise blockchain adoption with these questions

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Enterprise blockchain adoption is still in the phase of removing the hype from the past, refining significant projects, and gradually applying blockchain to business. Cut costs, improve productivity, boost up customer accessibility and sales, etc. - C-suits now have tons of to-do-things that must anticipate dramatic market changes and the emergence of new technologies. In the race after technology in enterprises, blockchain is an emerging technology that promises to solve many problems in the modern economy. The business value of the technology is estimated to reach $ 3.1 trillion by 2030 during the advanced application phase, and blockchain adoption is still in the stage of removing the hype from the past, refining practical projects, and gradually applying blockchain to business. Enterprise blockchain adoption can be challenging to many companies. Below are the standard and essential concerns for CIOs as well as enterprise blockchain platforms in preparation for the coming boom of ...

How does blockchain-backed transparency affect modern business?

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Blockchain-backed transparency is becoming crucial to many businesses as a fundamental of trust.  Data transparency is one of the top key factors in building a business's reputation in the modern economy. Designed to bring transparency, blockchain is the technology that many businesses choose to use in their business. Blockchain-backed transparency is proving its influence on many businesses. What is transparency? Why do businesses need data transparency? Transparency refers to the ability to open up, equality and clarity in accessing and sharing vital information of people involved in the operational process and all results. However, transparency does not mean complete disclosure; it also emphasizes information accessibility, reliability, and consistency. The impact of transparency on businesses: Impact on external relationships: According to a survey by Label Insight, 94% of consumers admit they are more loyal to brands with high transparency; 73% of respondents are also willi...

5 ứng dụng blockchain trong hoạt động doanh nghiệp

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Bên cạnh AI, IoT, Big Data, các doanh nghiệp đang ứng dụng blockchain để đạt được khả năng tương tác, minh bạch thông tin và đảm bảo quy trình hoạt động. Kể từ khi Satoshi Nakamoto phát minh ra Bitcoin - một loại tiền điện tử vào năm 2009, các doanh nghiệp lúc ấy vẫn tỏ ra thận trọng trong việc áp dụng blockchain. Năm năm qua đánh dấu sự bùng nổ những mối quan tâm đến công nghệ sổ cái phân tán này nhờ vào khả năng tổ chức chưa từng có, đem tới câu trả lời cho các khó khăn của con người tồn tại trong nhiều năm. Sự gia tăng của các nền tảng blockchain doanh nghiệp mang lại hiệu quả lớn đối với các hệ thống trì trệ vốn có: chia sẻ và lưu trữ thông tin hiệu quả, xác minh và xác thực thông tin. Các lớp thanh toán tích hợp, tự động hóa quy trình trong hợp đồng thông minh,... tất cả đem đến một tổng thể trải nghiệm người dùng thân thiện, hiệu suất hơn. Các báo cáo thống kê gần đây dự đoán lợi nhuận của các doanh nghiệp sử dụng công nghệ blockchain có thể tăng vọt giá trị đến 176 tỷ đô la vào...

Enterprise blockchain applications put an end to counterfeit drugs

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  The profit from counterfeit drugs can be up to 400% or more. Enterprise blockchain applications are likely to put an end to this situation. The pharmaceutical industry and governments around the world are facing tough problems dealing with the consequences of counterfeit drugs on human health and the economy. After years of research, experts find that reliable and transparent data management capabilities of enterprise blockchain applications are highly likely to solve these problems. As a result, enterprise blockchain applications will put an end to counterfeit drugs. The consequences of counterfeit drugs The World Health Organization estimates that the total value of counterfeit drugs traded annually is up to 73 billion Euros (79.26 billion USD), causing great damage not only to human health but also to the business of pharmaceutical companies, as well as the economy. When using counterfeit drugs, consumers lose money on things that have no therapeutic value, which can eve...

Enterprise blockchain automotive industry is entering a new powerful change

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  Enterprise blockchain automotive industry is entering a bloom with the enthusiastic participation of many companies with new initiatives.  The behemoth automotive industry is always one of the leaders in developing and adopting new technologies in their products to achieve automation and convenience. In addition to other emerging technologies such as AI, IoT, blockchain is a technology that attracts much interest from businesses in the great-value industry. Automotive companies with critical objectives of designing, developing, marketing, manufacturing, and selling are applying blockchain to gain more added values. Enterprise blockchain automotive industry is entering a new powerful change. Enterprise blockchain applications in the automotive industry Car production is costly due to the sophisticated participation of many manufacturers, suppliers, and service companies. Spare parts and products being traded and transported between many such parties create a large volum...

Is enterprise blockchain safe enough for a disruptive phase?

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  Cryptography and encryption. Consensus algorithm. Decentralization. Is enterprise blockchain reaching enough safety for a business's disruptive phase? Blockchain is changing the definition of trust, based on being arguably the leading security technology today. However, there are also many concerns for businesses when learning and implementing blockchain, making the application process and adopting blockchain a hurdle. So with $13.2 billion of value as expected by 2024, is enterprise blockchain reaching enough safety for the business's disruptive phase? Safety in terms of technical principles and technology Blockchain is a distributed ledger used to store data entirely in a digital environment. The characteristics of blockchain compared to other methods of storing digital data make it a more secure way: Cryptography and encryption: Cryptography and encryption used in blockchain help to process transactions, securely store information at the military level. Specifically...