Risks

Blockchain in Business: Use Cases and Risks Blockchain technology is not just for tech teams. In business, a careful choice of tools can boost transparency, speed, and resilience. It is not a magic fix, but a shared ledger that helps many partners work with trusted data. When a process involves several organizations, a permissioned or hybrid network can reduce friction and improve accountability. Use cases worth considering Supply chain and provenance: partners share tamper-evident records about where a product came from, who handled it, and when. This helps verify origin, fight counterfeits, and speed recalls. Payments and settlements: cross-border flows can be faster and cheaper with tokenized assets or stablecoins on a trusted network, with smoother reconciliation. Identity and compliance: digital identities and verifiable credentials simplify KYC/AML and access control, without exposing unnecessary data. Smart contracts: automated agreements reduce manual steps, speed approvals, and lower risk in procurement and licensing. Data integrity and audits: an immutable log makes audits easier and can lower the cost of compliance. Asset tokenization: real assets can be represented as tokens, enabling fractional ownership and new liquidity options. Trade finance and document handling: digitized letters of credit and finance workflows can move faster and with less fraud. IoT integration: devices feed trusted data to the ledger for maintenance, warranties, or condition monitoring. Risks to plan for ...