Embracing Block Chain Technology

The global blockchain market has been witnessing rapid growth in the last couple of years. According to Gartner, the business value generated by blockchain is expected to reach $176 billion by the year 2025 and $3.1 trillion by the year 2030.

Blockchain technology is much more than a medium for transferring cryptocurrencies; it has found its place across various sectors that include healthcare, insurance, voting, welfare benefits, gambling, and artist royalties. Entities find it extremely beneficial and easier once they embrace blockchain into their business operations. The major advantages of adopting blockchain technology are higher revenue, less costs, and more efficient use of time.

Let us discuss in detail how the adoption of blockchain technology will influence various sectors across the globe;

• The financial services industry is expected to become more transparent and less vulnerable to fraud. The requirement to get verification from third parties or financial intermediaries can be ruled out completely.
• In law, blockchain technology can be used to make smart contracts and to authenticate ownership documents that include title deeds, thus enhancing the effectiveness of the criminal justice structure.
• With blockchain, the process of finding and purchasing real estate can be simplified, by using digital real estate tokens to symbolize physical assets.
• In the supply chain and logistics industry, while transferring goods, the process can be registered permanently with complete security.
• In the healthcare sector, blockchain can be used in a variety of areas, including storing data related to patients in a trustworthy, decentralised, and transparent database, making it secure and at the same time accessible to patients and healthcare team alike.

These are just some among the many instances of how blockchain can be used across diverse sectors. With the help of this technology, participants, irrespective of the fact whether they are familiar with each other or not, can safely and directly do business. Blockchain confirms the identity of the participants involved in business, validates the transactions and ensures that all the rules are followed correctly.

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HLB HAMT - Audit, Tax, Accounting and Business Advisory

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Varun R Chandra

07:38 25 Apr 21

HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.

Giuseppe Assi

06:20 31 Jan 21

I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more

Mohamed Sheriff

16:16 28 Jun 20

Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more

218141 JOSEPH THOMAS

16:20 23 Jun 20

Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more

PMI

07:14 23 Jun 20

In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more

RAVI CHOKSI

08:28 21 Jun 20

Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more

Maharajan Subramaniam

18:17 06 Jun 20

High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more

Mohammed L

08:07 05 Jun 20

We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more

ROY ROSHAN VIVIAN

06:32 04 Jun 20

Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more

Basil Daniells

05:55 03 Jun 20

I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more

Amar Kashyap

19:28 02 Jun 20

Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more

Radz de Jesus

16:03 02 Jun 20

We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more

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