Opus Consulting is among the most forward thinking companies shaping how we think about ecommerce. There’s a lot going on in Fintech today. We are truly witnessing a revamping of global payment solutions. Some innovations like near field recognition (NFR) payments (i.e. Google Pay and Apple Pay) are already here. What will be ever more impressive is how these technologies connect the world. Companies like Opus Consulting are set to lead the way in providing global payment solutions.
One of the most influential technologies in the Fintech industry is blockchain. It may even prove to be the most influential solution for the overall global economy. The reason why many experts believe in blockchain’s potential is because of its capacity to connect people. Cryptocurrencies are a popular application of blockchain that have attracted computer savvy people. There are others. Decentralized applications (dApps) are innovations that are gaining a lot of attention as well.
When dApps are combined with cryptocurrencies, individuals gain a lot of power. However, this transformation of what already is an advanced Fintech industry can be complex at times. This is why a firm like Opus Consulting can be invaluable to emerging financial applications. Large corporations like Facebook, Google, Amazon, Apple and IBM all have their eyes on blockchain. These are not passing interests, and yet, they differ from the decentralized advantages that benefit individuals and small businesses.
Large corporations deal with logistics that can put operations in nightmarish scenarios. Blockchain promises to do away with such occurrences. It even promises to improve the efficiency of operations beyond what the world has ever seen. Unfortunately, the way that large corporations perceive economics will be required to undergo a radical shift. The reason is that blockchain is meant to change an economy and not an individual organization. By using the services of a company like Opus Consulting, smaller operators will be able to leverage the global market that was once only feasible for large corporations.
This is where things begin to get exciting. IBM and Amazon already offer blockchain as a service. They recognize how business relationships and logistics need to become more efficient to compete in the emerging marketplace. Maybe these companies can also see how independent entities will become more empowered and they are positioning themselves to take a piece of the action. While such an outcome is not unrealistic, blockchain does mandate a few things.
The crypto applications of a blockchain-based economy will be characteristics of several alterations to the current economy. First, transparency will change the way people conduct business. The data privacy issues we see today will exist on an equal playing field. Trust and system validation will be influenced by users rather than access points. The cryptographic mechanisms of blockchain will introduce unparalleled security for the masses, as well as, make specified data immensely more secure.
When all of these aspects are taken together, a fair and free global economy arises. It’s something that early pioneers of the internet dreamed of.
Dil Bole Oberoi
