Does your business need a blockchain?|
Variations of blockchain technology have
existed for decades, but the recent hype is the result of a new kind of
blockchain, one that distributes the responsibility of verifying
transactions and thereby making it more secure, transparent, and
How does your company know if your industry and/or company stands to gain from adopting the Blockchain technology? Blockchain has recently become synonymous with cryptocurrency, but its applications go far beyond financial transactions! Cryptocurrencies constitute the most popular of applications, the business applications are endless!
In fact, any industry that makes use of an intermediary to verify transactions could in theory make use of blockchain technology. Companies in every industry are just now beginning to understand how to apply blockchain-based solutions to solve business problems.
Today, the notion of a secure and trusted third party in a digital world is exactly what blockchain technology embodies. Information on the blockchain is secured, legitimized, and authenticated without needing a third party to verify it. This is how the blockchain acts like a trusted third party.