Today, blockchain technology is more known as the technology behind virtual currencies such as bitcoin, ethereum, ripple, and so on. However, actually blockchain technology can be widely utilized to advance businesses and companies.
For example, Singapore is utilizing blockchain technology to assist in terms of business activities at the port. This technology can be used to shorten the waiting period of the ship or dwell time, also to verify transactions related to export and import.
"The company can do smart contracts with blockchain technology for export and import," said Leonard Nugroho, Managing Director of Technology Consulting
Nevertheless Leonard revealed, it has not been able to ensure blockchain technology is commonly used by the banking industry. However, he believes there are many fintech companies that use the technology.
Even so, Leonard also admitted there are still many parties who doubt with blockchain technology. How not, this technology is closely related to virtual currency alias cryptocurrency.
In addition, blockchain technology is also often questionable validity. In fact, blockchain technology is actually quite valid and secure.
Just for information, blockchain technology serves to record transaction data. Transaction records are incorporated in many interconnected and secure blocks.