Cisco has unveiled a new report regarding its enterprise blockchain platform. The report suggests that blockchain is capable of holding 10 percent of the world’s GDP; therefore, storing value worth 7 trillion $ in the form of permission and decentralized blockchains in the coming years.
The crypto industry is volatile in nature; sometimes it can rise and fall. With companies persistently at battle with the unpredictable market, blockchain itself continues to progress. The industry is growing since its beginning in 2008 and is pervading through every possible niche— ranging from copyrights management to supply chains.
As per the recent reports by the company, blockchain has a brighter future ahead. The reports state that in the coming years, the technology has the potential to become the norm for many industries.
The reports by Cisco have been published to highlight the potential of its blockchain platform, especially for enterprises. The reports suggest that the primary selling point for its solutions is the potential of the blockchain.
According to Cisco, the major problem among the enterprises today is transparency, especially enterprises ion the supply chains space. Every year in the US, the counter is causing semiconductors to lose more than $7.5 billion, reports suggested.
The promising blockchain technology holds the key for the developments of improved security services, enhanced automate trust, and latest business values.
Moreover, reports by Cisco have also revealed that blockchain also holds the key for IoT, optimizing smart cities, and supply chain solutions.