Today, blockchain promises to secure the digitalised world with its cryptographic nature. It bridges the security gaps and reduces costs in various sectors that are dependent on intermediaries. These merits of blockchain technology have grabbed the attention of the entrepreneurs who are trying to incorporate it into their business model. While numerous enterprises are looking for new blockchain use cases, some are simply embracing the already booming and rapidly evolving cryptocurrency market. Given their untethered nature, cryptocurrencies will grow to be better alternatives to fiat currencies in the face of economic strife. When other currencies falter, people will turn to blockchain to safeguard their savings and move money across borders, strengthening the technology’s footprint while the wider economy struggles. Whatever the focus is, companies are making it possible by joining hands with the accomplished blockchain consulting and service providers. Converging several cutting-edge technologies like AI, IoT, and automation with blockchain, these service providers are helping businesses to reap the maximum revenue. While providing a secure and scalable framework for communication between IoT devices, blockchain will allow smart devices to make automated micro-transactions. The technology’s distributed nature will enable safer, faster, and cheaper transactions. Alongside, government authorities will also be able to effectively administer and manage the large quantities of data, thereby improving the functioning of their agencies.
Often, consulting and service providers initially offer advice on the strategic employment of blockchain technology based on a thorough analysis of a company’s profile. Later, they provide programming of scalable and distributed applications and custom-built protocols to optimize the business processes. Several service providers even offer in-house and external training and teaching, seminars, workshops, as well as instructive materials on the blockchain technology and related fields of applications. Consequently, this fuels in-depth knowledge of the intricate blockchain ecosystems and all its facets to the businesses.
Meanwhile, what has become a buzzword today is, ‘Blockchain-as-a-Service’ (BaaS). It is a cloud-based platform that enables developers, entrepreneurs, and enterprises to develop, test, and deploy blockchain applications and smart contracts. Above all, it provides all the necessary infrastructure and operational support to ensure that the blockchain applications run smoothly. By integrating the serverless cloud architecture with blockchain, service providers are improving interoperability and privacy while sharing businesses’ most important information like finance and medical data. Looking at the way consulting and service providers augmenting the implementation of blockchain technology into a business model, enterprises are seeking for the best among them to tower over their peers.
Today, there are myriad of blockchain consulting and services companies solving a plethora of problems that revolve around data security and sharing, supply chain monitoring, product tracking, and much more. This edition of CIOReview features the top blockchain consulting/services companies that exhibit extensive knowledge and innovative strategies to reduce the pain-points present in the business landscape. A distinguished panel comprising CEOs, CIOs, and analysts, along with CIOReview’s editorial board have selected the leading players in the arena that fulfill the burning need for cost-effective and flexible solutions that add value to the complex business impediments.
We present to you CIOReview’s “10 Most Promising Blockchain Consulting/Services Providers in UK – 2019.”
