Blockchain Commercialization: Real World Applications Get Real

As blockchain technology continues to advance at a rapid pace, questions remain about whether it will hit the mark in terms of commercial value. Despite a number of promising use cases in the financial industry as well as clear application for sectors like healthcare, utilities and transportation, among many others, blockchain’s potential is a long way from being fully realized.

EY (formerly Ernst Young), a global leader in assurance, tax, transaction and advisory services believes that the time is ripe for blockchain to move deep into the world of commercialized solutions. In support of this endeavor, it recently announced the launch of EY Ops Chain, a set of applications and services that support efforts on the part of organizations to boost the commercial integration of blockchain technology across diverse industries — not just finance.

Developed jointly by EY and a host of other industry collaborators, EY Ops works integratively with EY’s broad swath of consulting, tax and audit expertise to bring real world solutions to the enterprise and supply chain management space.

Through the use of EY Ops, supply chain systems can be simplified and seamlessly integrated into digital contracts, inventory systems, logistics protocols, pricing,

Read more ... source: Bitcoin Magazine

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