Block chain in
the B2B world has been all hype with no significant transaction volume, but
there are signs that this will change in 2019. To deal with cash flow,
financing, settlements, and other ways of sharing value at scale, you need to
get past the current hour-by-hour volatility and ensure a stable medium of
exchange. The emergence of mature stable coin players such as True USD (backed
by IBM and others), USD coin (backed by Goldman Sachs and IDG) and DAI stable
coin (an algorithmic stable coin) signals the start of a transition from a
floating bubble crypto-economy to an internet of value tethered to the
established economy.
Many industry leaders have already achieved
significant business benefits, including greater transparency, enhanced
security, improved traceability, increased efficiency and speed of
transactions, and reduced costs.
Competitive advantages like transaction processing speed, convenience, and
access will no longer be enough to retain customers, and B2B payments players
will have to start evaluating more service driven benchmarks such as a
frictionless user experience and interface that is both convenient and
accessible.
Intuitive and responsive platforms that can be highly
customized will become the frontrunners in this crowded space in the coming
years. In addition, after years of talk and discussions, it seems that
Ethereum and Bitcoin are implementing architectural changes to address the
scalability challenges that have been considered a barrier to widespread
adoption. For B2B blockchain use, 2019 could be a significant year.
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