Blockchains are transforming many industries beyond just revolutionizing digital currencies. While a large part of our focus is on how blockchains can empower a new form of “digital currency” that avoids the pitfalls of our existing currency system (namely, reliance on central authorities like banks, avoiding expensive transaction fees and money fraud due to double-spending (Double Spending, n.d.)), many other industries are leveraging other unique benefits of blockchains to help them digitize their B2B processes of automatic audits, verifiability, and contractual agreements. This brief note will describe some of these industries and how blockchain is helping B2B industries transform.
Other Works Researched:
[1] How Blockchain Technology Can Help B2B Companies Become More Profitable
[2] Blockchain for B2B
[3] VISA B2B Connect
[4] The Possibilities of Blockchain: Use Cases for B2B, B2C and Government Services
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