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Blockchain Is Possibly the Simplest But Most Anticipated Innovation in Years

Blockchain Is Possibly the Simplest But Most Anticipated Innovation in Years What Is Blockchain? While blockchain and cryptocurrencies are on everyone’s lips in the technology sector, the consensus among outsiders looking at what blockchain can do for their business is that the innovation is unfinished. Even the developers of the ledger system themselves acknowledge that there is still much to be done, describing all new stages as experiments or tests, which is a terrible shame as they would be the...

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What does blockchain mean for the future of banking?

What does blockchain mean for the future of banking? The banking industry spends a lot of time and money each year on what is known as ‘post-trade processing’, which involves the buyer and seller comparing details of their transactions, changing records and transferring ownership of cash or securities. Blockchain technology offers the chance to make all of this redundant, but there are some things the industry needs to do before this can happen. Best known for its use in controlling...

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Business with blockchain will look very different in the future

Business with blockchain will look very different in the future Cryptocurrency and blockchain may be relative newcomers to the business world, but they’re certainly turning heads across many other industries. The concept of having a single public version of data that is available to everyone simultaneously is too attractive to ignore, and despite not yet having gained significant traction outside of finance, some businesses are taking this concept seriously. It’s still too early to tell where blockchain technology could take...

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Blockchain and the supply chain conundrum

Blockchain and the supply chain conundrum Blockchain, the verifiable ledger technology, has had an immediate impact on how funds are transferred peer-to-peer, and banks and related financial institutions are investigating how the technology can be introduced more widely to speed-up operations and cut back-office costs. However, banks are not the only interested parties: any industry that is involved with supply chains is also looking at how their own networks could be impacted by blockchain. Impact Blockchain will transform many different...

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Blockchain and supply chain: how they work

Blockchain and supply chain: how they work Integrating blockchain into business brings about many positive aspects. The uneditable and transparent nature of blockchain can only mean greater trust between businesses, and this is just as true in supply chain networks. In addition, unlike bolting on yet another piece of software to an existing infrastructure (thereby increasing the chance of fragmenting it) by its very nature blockchain brings together and synchronises data, producing the opposite effect. So what would plugging blockchain...

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