Blockchain technology has been around for quite some time now. While developed countries and multinational corporations are currently exploring and developing blockchain-based applications, the financial technology (FinTech) application has been at the forefront of blockchain adoption. Besides, other industries have also realized that blockchain technology could bring a revolution to their respective work areas.
In recent years, driven by various governments, open banking has already been the primary driving force of fintech evolution. However, open banking investors have faced issues with identity verification security and the safety of information exchange. The existing technology alone cannot secure the private information of users. Therefore, different industries have started paying more attention to blockchain-based decentralized identification, which could solve issues with modern ways of information security.
BaaSid is a multinational company located in Japan, Korea, Taiwan, Singapore, and Malaysia, that is focusing on blockchain technology application development such as “Soteria blockchain technology storage” and “Pistis distributed identity authentication.”
Baasid believes that Blockchain technology will change the structure of the Internet world in the future. Therefore, enterprises need to follow techniques to stand out in the market.
With the rise of investments in blockchain technology, Baasid predicts that Blockchain may replace many traditional technologies, becoming one of the most important innovations of the modern digital era.
Baasid suggests that enterprises would leverage the popularity of blockchain to attempt and research more of its applications.