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The market disruptor that could transform your business...
Nearly 4 decades of the internet being in existence, this life-altering invention has continually been evolving. Living in the times of a pandemic has brought about the rise of contactless digital transactions, The pandemic has and will continue to drive changes in consumer behaviour. Year on year we see tremendous growth in the digital wallet space as more and more people across the world are resorting to cashless transactions. In 2020, the transaction volume share in India stood at 38.6 % for instant payments and other electronic payments which are all set to cross 70% by 2025. Which has brought to the forefront a long existing concern. SECURITY. Payment frauds, digital wallet account hacks, identity thefts and confidence tricks have all kept pace with the steady increase in real-time payments. And this is where BLOCKCHAIN steps in.
So what is Blockchain? It is a database system that maintains and records data in a way that allows multiple organizations and individuals to confidently share access to the same data in real-time. The practical applications could range from transforming supply chains, ascertaining digital identity to building whole new revenue models, all the while mitigating concerns around security, privacy and control. It brings about true democratization of data, giving all participants access to every transaction rather than a single entity.
By 2025, the World Economic Forum estimates that about 10% of global GDP will be stored on the blockchain. Businesses across the world are gearing up to embrace this game-changing technology. The decentralized network not only delivers transparency and accountability but also provides a cost-competitive solution for businesses. It ensures that the workflows have zero-leakage and the entire project is highly secured.
We, at Leniko, know exactly how to harness this technology to transform your business. We have been able to devise and develop solutions that encompass business-critical applications in several sectors. We help you resolve business issues related to multi-enterprise interactions and facilitate the creation of new business models through the application of distributed ledger technologies. As a leading company in the information technology space, we help you integrate every element in the blockchain ecosystem be it alliances, partnerships or expertise to help you to practically apply the technology for the growth of your business.