Blockchain is an innovative solution for various business verticals, it has its own characteristics that make it suitable for business application over the internet.

Blockchain provides a digital peer-to-peer network that facilitates direct transactions among users.

Its distributed and immutable characteristics eliminate costly repetition and enable trust, eradicating the need for and cost of a mediator.

Public blockchains, such as Bitcoin, are anonymous and open source that can be used by anonymous persons over the internet, while private /permissioned blockchains, might be discovered over a supply chain, as it involves a group of associated stakeholders that have a complete interest in making business collectively.

Blockchain generates (a shared distributed ledger) one set of books for the complex, global supply chain, enabling retailers to (record all the transactions with timestamp)detail the entire transaction history of a product from source to sale without essential details and encapsulating the private data.

Blockchain allows retailers to validate a product’s origin and guarantee authenticity, helping match forged goods and strengthen the value of premium products.

Blockchain is an incorruptible digital ledger programmed for the economic transaction that not only records financial transactions but also values everything virtually.

As a result, the blockchain in healthcare stabilizes the overall system.Blockchain in Supply Chain:The supply chain is the industry with many challenges that are concerned with the barriers of high cost and supply products to the retailers and customers.Nevertheless, it faces several consequences like a surge in fuel cost.

Unwanted consumption of resources and fraudulent activities is minimized by eliminating middlemen that enable direct connection between producers and consumers.Blockchain in Banking:Undoubtedly, the banking industry is the fabulous application of blockchain in the global economy.

In today’s world, the issue with the banking system is that they lack fairness and inclusion.

It helps buyers securely track precise information without any fraud actions.Blockchain in Travel and Hospital:Currently, the reservation and booking for travel and hospitality are transmigrated online.

It is noticeable that the FMCG leaders are in touch with the latest digital consensus developments like blockchain and exhibit enthusiastic industry collaboration and learning initiatives.Certainly, the blockchain aids the consumers, manufacturers as well as retailers for better stock provenance tracking, offering greater control over the sold goods, and so on.

At Antier Solutions, we provide the most secure, flexible, and scalable Enterprise Blockchain Solutions which allows organizations to build, test, and deploy decentralized apps that run exactly as programmed with no downtime. 

Singapore is one of the potential marketplaces in the world giving its space to cryptocurrency-related business services to its users with a stable financial system and also having more than 400 fin-tech startups.Open Trade BlockchainOpen Trade Blockchain (OTB) is an extensible blockchain service, launched by Singapore-based, Global eTrade Services (GeTS).

The first cross-border blockchain platform aimed to align with China’s Belt Road Initiative that can make global trade highly efficient, secure and transparent.The system was designed to avoid exporter’s email account being hacked and to avoid fraudulently change of documents like certificates of origin, commercial invoices, and shipping.Project UbinIt is a collaborative project led by the Monetary Authority of Singapore (MAS) with industry partners for the clearance and settlement of inter-banking payments and securities by exploring the use of Distributed Ledger Technology.The First trial between Singapore and Canada has successfully completed   Cross Border Payments with Central Bank Backed Digital Currency cheaper, faster, and safer.Here the team has used a Hashed Time-Locked Contracts (HTLC) technique to connect the two networks, namely Project Jasper and Project Ubin without any third-party intervention.OpenCertsOpenCerts is a Singapore government-linked blockchain project developed in cooperation with the OpenCerts Consortium.

The objective of this project is to provide an easy way to access educational credentials and to verify student’s and employer’s certificates.When the certificate is created, its data will be converted into a hash or a string of random letters and numbers then it is stored on popular decentralized blockchain Ethereum.Also, read about Blockchain-based Industries in SingaporeAs the government is also taking initiative to bring blockchain into government projects, as a result, Singapore became an international fintech hub for Blockchain Development Services.Bitdeal - Blockchain Development Company in SingaporeBitdeal, a globally Recognised Blockchain Development Company in Singapore with a solid background, providing creative, innovative, and goal-oriented Blockchain Solutions in and around the globe.

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