Beyond the Hype of Blockchain Technology

So, what is blockchain and how is it impacting business? Simply put, blockchain technology can change the way your business exchanges data. Here’s what you need to know: The value of blockchain lies in its ability to provide a secure platform for exchange while reducing the cost and complexity of transactions by eliminating the need for intermediaries and third-party verification. Blockchain has the potential to not only transform asset and data exchange, but also change business processes, trade, economic and social systems. Blockchain is the technology behind Bitcoin*, but that’s a limited example of its potential to transform multiple industries and drive innovation throughout the global economy.