Blockchain technology is important not for what it is, but for what it promises: planet-scale trust. A blockchain’s distributed ledger is an automated, collective way to capture a record of transactions or events
Blockchain reached the headlines because of bitcoin and other cryptocurrencies like
For example, in the supply chain it can be combined with IoT and used to track goods to fight
Other blockchain solutions can: track the contractual ownership of property (physical or intellectual), assure the accuracy of messages in a private chat room, ensure the integrity of contracts, enforce compliance and
But while blockchain is a radically new concept in IT, it presents CIOs with many of the same people-process-data challenges as other early-stage technologies, including the immaturity of standards and IT-team skills, concerns about security, and questions about interoperability and scalability. It takes time for industries to develop the collaborative ecosystems necessary for the many blockchain use cases to flourish.
If you want to get up to speed with blockchain, we have all the information you need.