An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding).Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for. And because members share a single view of the truth, you can see all details of a transaction end to end, giving you greater confidence, as well as new efficiencies and opportunities. Blockchain defined: Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. A blockchain network can track orders, payments, accounts, production and much more. Blockchain is ideal for delivering that information because it provides immediate, shared and completely transparent information stored on an immutable ledger that can be accessed only by permissioned network members. The faster it’s received and the more accurate it is, the better. Why blockchain is important: Business runs on information. Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding). Once the blockchain network is running, you need to continuously monitor the infrastructure and adapt to changes, such as an increase in transaction requests. Blockchain defined: Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network.
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