Daniela Barbosa, the Executive Director at the open-source blockchain development firm the Hyperledger Foundation, spoke to Cointelegraph about how blockchain for enterprise is transforming global markets and industries.

Barbosa noted blockchain technology has already demonstrated its value in various enterprise use cases, such as provenance tracking, logistics, and cross-border payments. By providing efficiency and cost-saving solutions while saving time and labor, enterprise blockchain technology offers a reliable and secure source of data that enables businesses to reduce the cost of record keeping, automate business processes, and increase efficiency.

“Goldman Sachs recently arranged a €100 million two-year digital bond for the European Investment Bank with two other banks, all based on a permissioned blockchain. That is a significant milestone for the financial markets and enterprise-grade blockchain technology.”