Interest in blockchain platforms has been growing significantly as a way to streamline supply chains, improve traceability, simplify trade, and improve financial transactions. A lot of this interest started with the speculative frenzy surrounding Bitcoin, which is based on an older blockchain platform that faces challenges with energy consumption and speed.
Modern blockchain platforms have been developed to help overcome these limitations and provide practical value for other business uses and applications. “We are seeing multiple enterprises adopt blockchain platforms for some of their application needs,” said Suseel Menon, Senior Analyst at Everest Group.
