How Traditional Industries Can Successfully Introduce Blockchain Solutions

Blockchain innovation is not just for hotshot startups.

Even governments have recognized blockchain's potential; the Republic of Georgia is now registering land titles on the blockchain, while Estonia has integrated blockchain identities and registries into multiple elements of their national government.

Members of traditional industries have been hesitant to adopt blockchain technology - especially if they have been historically profitable and already serve the needs of their clients.

The ability for blockchain to facilitate immutable, traceable, and secure transactions without third-party oversight makes it a promising tool to improve the efficiency of business.

Though a fairly traditional investment firm, Muirfield still recognizes the benefits that blockchain can bring to the private equity industry.

Muirfield has turned to blockchain to fix inefficiencies in this traditional industry space, which, while thriving, could still benefit from progressive technological solutions.

Blockchain tokenization has effectively solved the liquidity challenge of private equity.

It may be tempting for members of traditional industries to rest on their laurels, but innovation can change these industries as dramatically as it can sweep through the venture capital and startup scene.

That's why industry leaders everywhere need to investigate blockchain applications in their sectors.

Muirfield is leading the way in applying blockchain to private equity.