How Blockchain is changing the way we do business?
Blockchain technology is gradually transforming peer-to-peer interactions in the digital world, disrupting traditional processes across almost all industries. Corporations including IBM, WalMart and Nestlé now look toward this new technology to improve on current systems. Blockchain technology is a distributed ledger that eliminates information and data manipulation, while providing unparalleled transparency over an individual trade by making the accounting in any given transaction reviewable, and therefore public. All parties involved can access the blockchain, which updates at specified intervals, for instance, the Bitcoin blockchain updates every ten minutes. This minimizes data or clerical issues usually encountered in manual processes. Blockchain…
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