Blockchain for Enterprises: Use Cases and Challenges
Blockchain for Enterprises: Use Cases and Challenges Enterprises often seek blockchain to boost trust, cut friction, and automate handoffs across departments and partners. In permissioned networks, a known set of organizations shares a common ledger while sensitive data stays private. Use cases Supply chain provenance and traceability Trade finance and settlement Cross-border payments and digital remittances Inter-organizational data sharing and audit trails Digital identity and access management Asset tokenization and digital assets IoT data integration with verifiable readings In practice, the shared ledger records time-stamped events, improves visibility, and reduces manual reconciliation. For example, a pharma or food supply chain can verify origin, batch details, and handling conditions without exposing private data to every participant. Smart contracts can automate routine tasks, such as triggering approvals when criteria are met or reconciling invoices across partners. ...