BrandPost: The Hundred Year Blockchain Ledger: Planning for Success

Share on facebook
Share on twitter
Share on linkedin
At the most basic level, Blockchain enables companies to securely share and reconcile transactional data on an immutable digital ledger. When implemented on a cross-organization permissioned network, blockchain fosters trust in multi-company cross-business transactions, by ensuring each and every transaction is validated using a consensus algorithm before a new block can be added to the blockchain. This process uniquely ensures transparency, as well as data verification and security.Blockchain as the Foundation for a Modernization Strategy Yet according to HFS Research, 60 percent of enterprises are still unclear on what blockchain is and how to deploy it and 70% require the help of a third party to create their blockchain solution – with 78% saying blockchain will drive a competitive advantage because when done properly it delivers real business impact and value.To read this article in full, please click here

This post was originally published on this site

Source: CIO Magazine On:

Read On

At the most basic level, Blockchain enables companies to securely share and reconcile transactional data on an immutable digital ledger. When implemented on a cross-organization permissioned network, blockchain fosters trust in multi-company cross-business transactions, by ensuring each and every transaction is validated using a consensus algorithm before a new block can be added to the blockchain. This process uniquely ensures transparency, as well as data verification and security.

Blockchain as the Foundation for a Modernization Strategy

Yet according to HFS Research, 60 percent of enterprises are still unclear on what blockchain is and how to deploy it and 70% require the help of a third party to create their blockchain solution – with 78% saying blockchain will drive a competitive advantage because when done properly it delivers real business impact and value.

To read this article in full, please click here

About the author: CIO Minute
Tell us something about yourself.

Leave a Comment

CIO Portal