Industry Insights

Boiling Down Business Blockchain

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:

Logo1  Transactions are agreed by business network participants.

Logo2  There is total clarity of who’s done what, when.

Logo3  Which results in one view of truth shared across business network.

Logo4  So disputes are quick & easy to resolve.

Logo5  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

  1. Blockchain Smart Contracts > http://bit.ly/BlockSmartC
  2. Blockchain Privacy Services > http://bit.ly/BlockPriv
  3. Consensus for Business Blockchain > http://bit.ly/BlockConsensus
  4. Cyber Security & Blockchain > http://bit.ly/HackmyBlock

and these cover some cross industry use cases:

  1. Supply Chain Management > http://bit.ly/BlockWhere
  2. Provenance  > http://bit.ly/ProvBlock
  3. Asset Management  > http://bit.ly/BlockchainBathTub
  4. Tacking Tax Evasion in a Digital Economy > http://bit.ly/BlockTax
  5. Blockchain for Asset Registration > http://bit.ly/BlockAssetReg

Comments and discussion VERY welcome!

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Michael Novak

Good overview of Blockchain. The links to other aspects especially useful. Thank you.

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