Blockchain gaining traction amid covid-19

Earlier, skill gap was one of the major challenges faced by business organisations. Employers grappled with equipping their employees with the relevant skills and knowledge.  Then came the pandemic, which not only compelled companies to shift to remote working, but also widened the existing skill gap, necessitating us to keep up with the rapidly accelerating digital transformation.

While technology has been an important part of our day to day lives, with the outbreak of coronavirus, its importance has grown significantly. Whether it is through blockchain or AI, business leaders are putting their best foot forward, to keep their head above water. Blockchain is in fact emerging as a promising market. Leveraging its potential, Matic Network has been striving to create community-centric businesses.

Founded by Sandeep Nailwal, the company has forayed in multiple sectors, including health and fitness and retail e-commerce as well as government institutions, helping them with utilising blockchain technology for a transparent and inclusive business environment.

Another business leader is Ish Goel who is a prominent name within Indian blockchain circuit and is the co-founder of PlotX.io. The company helps traders to gain exposure to crypto assets and earn revenues for correctly determining how a particular asset will fare. Its performance has improved greatly amid the pandemic, in stark contrast to most other businesses that have been witnessing a major fall in sales.

Since blockchain technologies facilitate multi-party, inter-organisational and cross-border transactions, they become all the more important for businesses during the times of Covid-19. In fact, various companies in the sector have witnessed significant growth in their businesses over the past several months.

Owing to this, the blockchain and crypto industry, that once was at a nascent stage, is edging towards maturity today, with new opportunities being opened up for aspiring business leaders in the blockchain circuit.