Between crypto markets According to Daniela Barbosa, general manager of blockchain and identity at The Linux Foundation and executive director of Hyperledger, enterprise blockchain adoption continues to grow as companies find new use cases for the technology.
One of the biggest requests in the last two years has been “hybrid use cases,” said Barbosa. Some companies are using layer 1 blockchain and permissioned decentralized networks to meet their business needs.
Hyperledger is an open source platform derived from The Linux Foundation that aims to enable traditional industries such as finance to use and deploy blockchain technology. We work with around 150 organizations including crypto-native companies, traditional financial institutions, technology companies and retailers. Foundation members include JP Morgan, IBM, American Express, CVS Health, Cisco, Visa, ConsenSys, Walmart and T-Mobile.
“Companies are networking, sometimes with competitors and peers, and using a distributed ledger can make their business processes easier, so this technology is going to be a big deal,” Barbosa said. I think it’s worth it,” he said.
Businesses can perform instant payments and transact in privacy by showing third parties that a transaction occurred while omitting internal details. “Distributed ledgers allow companies and competitors to work together in a trusted environment while also maintaining that privacy element,” he added.
And Barbosa said the technology will be useful not only for large companies, but also for small businesses.
Supply chains using blockchain technology can benefit everyone from farmers to large corporations, she added.