The blockchain technology is here not just to stay but also to replace the existing centralized system.
Though right now, when most people hear the word "blockchain " the first thing that comes to mind is bitcoin and cryptocurrencies.
This is mostly because the blockchain technology was made popular by the advent of bitcoin. The bitcoin was the first popular use of the technology to create a decentralized currency or system of payment.
Later wards, we see more cryptocurrencies being created . But then cryptocurrencies is just one whiff of all the things we could be doing with this technology.
Ethreum and EOS are examples of smart contract platforms, @steemit is another example,we also have dtube, APPICS, and so much more.
The blockchain technology is now being applied and implemented in various sectors.examples are electricity, water, marketing, transportation and virtually every sector of life.
Coming to business,
It doesn't matter the size of your company, the blockchain technology can provide you with capabilities or opportunities for ease in doing business.
One of the way the blockchain technology can help in business is in terms of payment systems.
Transferring funds from buyers to suppliers or from customers has always been an issue in business especially when one party in based in a different country.
The ineffectiveness of western union and Co has led to the need for a cheaper, faster and more effective means of payment.
Blockchain backed currencies and other platforms not only satisfies this need but also throws in the decentralized advantage in which your transaction is free from the regulation and control of the government or corporations.
Another advantage is outsourcing. DApp is a blockchain backed technology that allows literally anyone to be a delivery agent.
In conclusion, the blockchain technology is useful not only to decentralized businesses but also business or companies with a centralized hierarchy system.
The blockchain technology is like the internet it's possibilities are endless.