When it comes to business benefits, the blockchain has you covered. Software systems on a decentralized ledger improves security, privacy, and transparency among other things.

Early adopters are starting to see exactly how this developing technology is making waves in the business world.

“Blockchain projects are quickly moving from pilot to production as enterprises and governments begin to see the inherent value of distributed ledgers and smart contracts,” Robert Parker, group vice president of manufacturing and retail insights at IDC Technologies noted in a press release. “As spending accelerates, buyers will need an enterprise class platform beyond open source that includes data security and integrity, scalability, manageability, and interoperability.”