Blockchain Business: B2B vs Bitcoins
Andres Escribano Riesco
Director of New Business, Innovation, Technology and Digital Product Development. Business School Professor, Business Advisor, Speaker
Gartner estimates that blockchain will generate an annual turnover of USD 3 trillion in 2030.
From my experience with blockchain, my biggest discovery was understanding that Blockchain is much more than just a technology that supports bitcoins.
In this article, I don't like to talk about the technology used in Blockchain, I only want to focus on the vision of Blockchain as an accelerator for digital transformation in the world of B2B.
Why is Blockchain important in B2B?
Because it is a layer of neutral trust between all companies that allows us to guarantee the immutability and granted access to the appropriate information. There many other features but this is the main in B2B.
I think we should start by identifying which characteristics are the most appropriate in the use of Blockchain in B2B Business :
"Traceability". The ability to verify the entire process E2E all steps of a production process.
"Smart Contracts". Manage and reconcile thousands of invoices, delivery notes, etc. so that their processing is automatic based on algorithms, which take data from that layer of trust, which is Blockchain.
All based on a single concept: Ecosystem
Large companies and multinationals have the resources to acquire the know-how and capabilities on blockchain, and integrate these technologies into their own processes. That is only the first step on a journey.
The goal should be to include all small and medium-sized businesses as part of the ecosystem.
Our focus is to spread the use of blockchain. That is why we have developed TrustOS, and I invite you to know it
As you can see, it is a new path to explore, where many companies at a national and international level are integrating it into their business processes.
Personally, I think that directly or indirectly we will end up being part of this ecosystem, why not be a participant in this game?
I look forward to telling you about the successes and lessons learned in this new opportunity that opens up in the world of digital transformation of our businesses.