Industry Insights

Boiling Down Business Blockchain

April 19, 2017 | Written by: John Palfreyman

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.

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

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

and these cover some cross industry use cases:

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

Comments and discussion VERY welcome!

John Palfreyman

Director - Blockchain | National Security - CTO Team Europe

Blockchain innovation

Cloud for Caseworkers

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2 Comments

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Michael Novak
April 25th, 2017

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

John Palfreyman
May 3rd, 2017

Thanks Michael – I’m pleased the information was of use!

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