Trusted networks can be used to diminish natural monopolies in supply chains. The result? Sped up transactions and streamlined processes—not just in finance.
Is there a timeline for the adoption of blockchain in finance? Where does blockchain provide value? What are the issues in adoption? What about regulations?
There's a lot to like about blockchain in any business network. There's increased speed, reduced errors, privacy, transparency, and a scalable ecosystem. IBM explains it all and how it could work in trade finance / international trade.
This is the second in a series of articles about major technological trends that affect enterprise IT. Today's topic is blockchain, with a focus on the open-source Hyperledger Project.
Trust, standards, mitigating risk, and the role of blockchain in the developing world were all topics during a lively panel discussion in San Francisco.
Robert Boyd of HHG projects blockchain adoption and explains which scenarios can be improved by using the technology as a single pub/sub message queue.
A large group of competing institutions has come together to support a single database that speeds up transactions, reduces cost, and provides a single, immutable record shared by everyone.