#SecureYourAssets
What is blockchain technology?
A blockchain is a decentralized ledger of all transactions across a peer-to-peer network. Using this technology, participants can confirm transactions without a need for a central clearing authority. Potential applications can include enterprise blockchain applications, sustainability, tokenization, fund transfers, supply chain tracking and many other areas.
Blockchain’s benefits and unknowns:
Benefits:-
Increased transparency
Accurate tracking
Permanent ledger
Cost reduction
Unknowns :-
Complex technology
Regulatory implication
Implementation challenges
Competing platforms