Blockchain is a transformational technology with the potential to extend digital transformation beyond a company’s walls and into the processes it shares with suppliers, customers, and partners.
Blockchain applies tried-and-true digital-signature technology to create transactions that reduce fraud and establish trust and accountability.
Blockchains gain value as they’re shared. As more organizations or companies participate—even competitors—the more streamlined the process will be, and the greater the value.
A ledger is a write-once-read-many database that is an immutable record of every transaction. If a mistake is made, you must post a compensating transaction to correct it.