Blockchain, which for its brief history has been inextricably tied to cryptocurrencies, is starting to cut its teeth as a serious business technology.
The financial services industry has been one of the early adopters of blockchain with good reason. Having been dependent on proven methods of managing traditional assets, financial services companies are not only seeing the assortment of assets they deal with expand into areas like cryptocurrency, NFTs and other blockchain use cases in finance, they’ve also seen their own supply chains get increasingly complex, said Ronak Doshi, a vice president at Everest Group.