You've probably seen many articles about the future of blockchain technology and how it's going to change the Internet. That's great for the Internet, but how are companies determining if this technology would help improve their business processes?
In a previous blog post, we explored how blockchain, a distributed ledger technology, is revolutionizing our lives. Just as the internet was a game-changer 50 years ago, blockchain is up-ending the way we do business, and not just as the underpinnings for cryptocurrencies in the financial industry. We’ve seen innovative uses for blockchain in healthcare, agriculture, shipping – and now gaming.
Everyone's talking about blockchain’s untapped potential. Its touted benefits may include lower cost, risk, and capital requirements, faster transactions, more transparency and reliability, improved privacy, and unparalleled security, to name a few.
Blockchain is one of the most ingenious inventions of the last decade. The underpinning technology for digital currencies, blockchain is a methodology for enabling, recording and reconciling transactions across a completely transparent, ultra-secure distributed digital ledger. While its origins are rooted in the world of finance, blockchain technology has the potential to revolutionize the way we conduct business in industries ranging from healthcare to shipping and more.