The Blockchain Revolution

The impact of blockchain from an enterprise standpoint is just beginning. Smart contracts can take contract management to a new level of trust. Distributed ledgers can provide an easy way to certify that the backstories of the things we buy are genuine; if a vendor says they procured the material from Bulgaria and not from Mexico, that fact can be verified from the indelible records in blockchain. It can also protect copyright and automate the sale of creative works online. When executed peer-to-peer, trade confirmations become almost instantaneous. this means intermediaries - such as the clearing house, auditors and custodians - get removed form the process. Blockchain offers durability, reliability, and longevity.