We are making considerable progress with blockchain customer projects – at the time of writing, we have some 31 public references! But there is still too much gobbledygook and technical waffle given when answering the simple question “So exactly what is blockchain, in business terms?”.
Maybe this will help . . .
Blockchain is a trusted, distributed ledger with shared business processes where:
Transactions are agreed by business network participants.
There is total clarity of who’s done what, when.
Which results in one view of truth shared across business network.
So disputes are quick & easy to resolve.
And the solution is resilient to failure or fraud.
For those who prefer a short (under 3 minutes) video, this one explains IBM’s approach to blockchain . . .
Want to know more about blockchain? These blog posts talk about different aspects of blockchain for business
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