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Enterprise blockchain adoption is a way of transformation of way at which businesses may work and may create new chances for more development and innovation.Blockchain technology few years ago was not a considerable topic which is evolving in a mainstream process with major corporations and industries that are used to embrace their potential.

One of primary drivers of enterprise blockchain adoption is requirement of more efficiency and transparency.Blockchain technology is used for enabling businesses for automating processes, reducing manual bugs and creation of a tamper proof transactions record.It results in improvement of supply chain managing , enhancing compliance as well as reducing costs.There are some of the companies including Walmart,Unilever etc which are implementing blockchain based solutions for streamlining their operations and for improving transparency.

Enterprise blockchain adoption is used for enhancing security and compliance.Blockchain technology also utilise advanced cryptography and consensus mechanisms for giving surety of transactions integrity and authenticity.This is used for creation of a secure and trustworthy environment for businesses for operating, reducing cyber attacks and data breach risk.More than this blockchain based solutions are helpful for companies for complying with regulatory needs like GDPR and AML/KYC etc.

Supply chain management is other area in which enterprise blockchain adoption is used to make a potential impact.Blockchain technology is used for enabling businesses for tracking and verifying origin, quality as well as movement of goods in real time.This is useful for improving inventory management, reduction of counterfeiting as well as enhancing product safety.There are companies including IBM, SAP etc which are developing blockchain based supply chain solutions for helping businesses for optimizing their operations and improvements of customer satisfaction.

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Smart contracts are those contracts which execute by theirself with terms of agreement written in a direct way in lines of code.They are used for enabling businesses for automating processes, reducing manual bugs as well as improvement of efficiency.Enterprise blockchain adoption is used to drive smart contract platforms development like Ethereum, Hyperledger fabric as well as Corda.These platforms are used for enabling businesses for creating, deploying as well as managing smart contracts, automation of processes as well as improvement in decision making.

Enterprise blockchain adoption is not just restricted towards a particular industry as its a cross industrial process.There are companies from different sectors in which there is finance, healthcare, retail as well as manufacturing which are used to explore potential of blockchain.We can take an example in which JP morgan chase has developed blockchain based platform for cross-border payments but Pfizer utilities blockchain for tracking and verifying pharmaceuticals.

We all know about enterprise blockchain adoption benefits but irrespective of continuous growing interest in enterprise blockchain adoption multiple challenges and limitations also exists in which there is scalability, interoperability, regulatory uncertainty as well as requirement for particular skills.More than this blockchain technology is continuously evolving as well as there's a lack in standardization that make it tough for businesses for integrating blockchain based solutions with infrastructure which exists.

In conclusion enterprise blockchain adoption is used to transform way in which businesses operate, create new chances for growth, innovation as well as efficiency.With all other things including benefits I have so discussed about their limitations or challanges at last so overall hopefully everyone understood this discussion....

Have a blessed day