Question

Impacts of Blockchain on International Business

Develop a vision of the future of business using blockchain to further the relationships between suppliers and marketers. Develop a vision of the future of business using blockchain to further the relationships between suppliers and marketers.

be at least 300 words and use at least 1 outside sorce cited

Answer 1

The business mainly who needs connecting people get most benefit of blockchain. Every business in the future need of all information regarding people. Innovative and creative business seeks from people and connects people and also gets things from people globally. Digital world with efficient work and thought may go for sharing information about customers, suppliers and all players in business world.

Instead of transforming information and files blockchain ledger helps every one to access same data anywhere in the world. Blockchain system is incorruptible and no can edit or change the entered data.

By using blockchain business can develop relationship relationships between supplier and marketers. any individual who play as either a supplier or a marketer can get enough data globally. In future it will be more efficient and easy to use data which is clearly available in blockchain ledger. Anyone who needs a particular segment of unit can easily access all information.

Many countries depends on so many other private organisations who supply data which are not accessablr from other persons. If any other person requires same information the supplier of data can transfer the same data to the needy one. Hence time and efforts they have to invest more. The expenses what they are spending in transferring same data to different people consumes more time. Blockchain helps to recover from this and it allows to access in the same place about all required data from different places.

Blockchain supplies relevant information to sustainable business model. The future of blockchain has a greatfull growth trend and getting importance in different countries.

Most of the banks adopted blockchain approach in their day to day business operations. Businesses like medical industry, government sectors & offices, banks etc; are in need to access same type of data which is benificial to them. instead of transforming al information they can share same data from their own place. This enables them to work effectively. Most of access of blockchain leads to sustainable business and helps to reduce compatible costs.