Blockchain Benefits for Enterprises
Transparency
Blockchain technology establishes never before seen transparency due to records of each transaction being stored publicly. Customers and partners of enterprises are able to follow, inspect and verify the enterprises processes and data.
Trust
Blockchain technology creates trust between different parties due to atomic and immutable transactions. It adds an unprecedented layer of accountability to enterprises internally and externally.
Efficiency
Due to the decentralized nature of blockchains, information can be verified without having to rely on intermediaries. Custom Transactions can enable automatic execution of processes that help enterprises improve performance and reduce documentation.
Security
Blockchain technology provides enhanced security for companies and decreases the chances of corruption and manipulation of transactions. Transactions recorded in a blockchain can never be tampered with.
Traceability
Transactions can be traced on a blockchain which improves security, prevents fraud, verifies the authenticity of assets, and determines responsibility and ownership. Goods can be tracked on a step by step basis from the manufacturer to the customer.
Reduced Cost
The need for intermediaries and administrative effort of record keeping and transaction reconciliation is eliminated through blockchain technology. This leads to leaner processes and cost reduction.
Build your Blockchain Application with Lisk
Lisk offers your enterprise the tools to develop your proof of concept blockchain application in JavaScript. With our open-source Lisk SDK, it is easy to set up your own blockchain with only 10 lines of code and by using Custom Transactions you can implement your required logic. All this is based on our modular code base and secure, energy-efficient DPoS consensus algorithm.
Accessibility
Our open-source Lisk SDK and intuitive user interfaces enable the easy development of blockchain applications.
Flexibility
Build customizable public or private blockchain applications that suit your business requirements.
DPoS
Lisk uses the scalable and energy-efficient Delegated Proof-of-Stake consensus algorithm with transaction finality guarantees.
JavaScript
Lisk is based on JavaScript, the world’s most popular programming language.
Blockchain in Industries
Supply Chain
Blockchain technology can make supply chains more efficient, secure, and transparent. It can be utilized for food supplies and guarantee the origin and storage during the transport. In addition, it can also establish trust between the supplier and the vendor. Blockchain can provide transparency and stop counterfeit along the supply chain.
Public Sector
Governments can utilize blockchain technology to optimize processes, increase its accountability and strengthen the trust of its citizens. In addition, it can be used for digital payments, land registration, identity management, and taxation. Furthermore, voting can also be facilitated by a blockchain.
Financial Services
Blockchain technology can yield to a higher level of transparency, simplicity, and efficiency in financial services. It enables fast and secure payment without any intermediaries. Blockchain technology provides an alternative to fiat currency systems and enables the decentralization of traditional finance (DeFi).
Real Estate
The real estate industry can be transformed by blockchain technology in numerous ways, particularly Custom Transactions can change how properties are bought, sold, leased and financed. Properties can be split into separate investments each embodied by a token. In this way, people can easily invest in real estate or buy and sell a property.
Health Care
Blockchain can increase the security, privacy, and interoperability of health data and revolutionize health care by placing the patient at the center of the health care ecosystem. It can put the patients in control of their data, to prevent medical fraud, and to incentivize good behavior.
Energy
With blockchain technology, renewables at the point of origin can be authenticated and records of emissions’ permits can be stored. Blockchain technology can establish microgrids that allow solar energy to be sold directly from one neighbor to another, creating a P2P trading system. It can enable an easier exchange of energy between suppliers and customers by tokenizing energy units.
Programming language
JavaScript and TypeScript
Golang
Rust
Popularity2 (% of developers who use the language)
67.8%
8.2%
3.2%
Open Source
Modular Structure
Custom Blockchain Logic
Interoperability Function Implemented
Development of Public Blockchains
Development of Private Blockchains
Stars on GitHub
1 Lisk SDK v5.0
2 https://insights.stackoverflow.com/survey/2019#technology
