Blockchain and Distributed Ledger Technologies

Is your business ready for Blockchain?

Blockchain and other Distributed Ledger Technologies (DLT) are bringing disintermediation to merely all industries.

What is Blockchain?

 

A Blockchain relies on a digital and distributed ledger which performs in a transparent environment without the need for a trusted authority to validate transactions. Rather, there are computer nodes that follow some consensuses and protocols to operate the ledger in an automated way.

A Blockchain is also able to execute so-called Smart Contracts application, self-executable computer programs that perform yet simple logic but can be assembled to produce sophisticated applications.

Using Blockchain & Internet-of-Things in supply chain traceability