Why do Enterprises and Startups Need Strong Blockchain Consultation

If you search for a place for innovative technologies, startups will pop up in your mind. Even though early enterprises have creative ideas, the biggest hurdle for startups is to sustain the fierce competition of large companies. There are many reasons that make 60% of startups to be unable to make profits. 


With around 13,125+ startups, India has the second most number of startups around the world, followed by the United States.


According to a survey, only 2 in 5 startups are able to make successful profits over a certain period of time. To reduce the failure rate of such budding enterprises, we can introduce the revolutionary technology, blockchain, into them.


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Real-time Challenges Faced by Enterprises and Startups

Thanks to the dynamic nature of blockchain technology! Now, not only startups but also existing enterprises can enjoy the benefits of blockchain.



But first, let us discuss some of the challenges faced by both startups and enterprises.


  • The hardest step for enterprises and startups is to manage the fierce competition and make profits. Most enterprises fail when there is no spirit of innovation and risk-taking attitude.

  • It is good to have expectations about the business, but too much is dangerous. If the enterprise’s goals are unrealistic and unpractical, there is no door for success. 

  • Getting the right team might be a tricky and time-consuming process. In a sea of candidates, it is hard to shortlist the perfect ones for the company.

  • When the enterprise lacks proper financial support, it automatically has fewer opportunities to access necessary resources. 

  • There are risks of cyber-attacks leading to loss of customers’ trust in the company. 



If there is any solution to overcome these challenges, then it might be blockchain technology. Blockchain is a booming tech with a high potential to revolutionize various businesses.


Also Read: Why is Blockchain Important to Businesses Nowadays?


How to choose the right type of Blockchain for your Business?


There are three types of blockchain, each of them having distinct advantages over another. One has to select the suitable blockchain type to upgrade their business.


For example,

Industries like healthcare and fintech might have the collection of sensitive information which has to be stored carefully. So, these businesses can opt for permission or private blockchain to ensure the safety of their data resources.


Educational institutions and ecommerce companies can be benefited by employing hybrid blockchain. Meanwhile, government and NGOs can choose public blockchain for storing their data.


Are you still confused? Let us make it clear!


Choosing the right blockchain solution and incorporating it might be tough. This is why most enterprises and startups are scared of employing blockchain technology in their business. 


But, there is a solution!


Getting proper Blockchain Consulting Services will be the best way to successfully employ the blockchain in an enterprise. 



Game-changing Blockchain Consultation


With its revolutionary features, blockchain technology has entered almost every industry. However, the complete potential of blockchain is not utilized. Enterprises have to explore the blockchain and choose the right solution for their business. Integrating blockchain will offer a wide range of benefits that could improve the company’s performance as well as revenue. 


The best way to get ideas about blockchain implementation in your company is to meet our blockchain consultant. Blockchain Firm is a leading blockchain service provider with proven expertise in this field. We provide the finest blockchain consulting services to enhance your business. In addition, we will offer practical blockchain suggestions based on the requirements of your enterprise. 


Get in touch with the best blockchain consultant in India!





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