Blockchain, invented in 2008, is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block includes a timestamp, transaction data and information from the previous blocks. Blockchains are secure by design and cannot be altered, which is inherently valuable for many industries.
The early adopters of blockchain was the banking industry, creating the Global Blockchain Forum in 2016. It is now integrating into almost every industry including supply chain, insurance, health care and information, real estate, professional services, ticketing, voting, music and many more. According to a recent report from Market Reports Center, the global market for blockchain was valued at $708 million in 2017 and is anticipated to reach $60.7 billion in 2024.
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What is Blockchain? While some people are rushing to invest in cryptocurrencies like bitcoin and ethereum, other experts believe that the real value lies in the underlying technology, known as blockchain. CNN Money's Ramy Zabarah explains how it works.
Blockchain in Finance and Healthcare Blockchain technology has the potential to transform health care, placing the patient at the center of the health care ecosystem and increasing the security, privacy, and interoperability of health data.
IBM Blockchain Car Lease Demo This video shows a sample of the supply blockchain process between multiple parties.
How Blockchain is Disrupting Insurance Companies with Smart Contracts Michael Folkson, Founder of RiskBazaar, walks us through traditional insurance contracts and how their peer-to-peer market place is changing the future for risk contracts on the blockchain.
Blockchain for Supply Chain Transparency & Traceability Blockchain is the #1 Trend in sustainability according to GreenBiz. It is certainly going to revolutionize procurement and increase transparency in the whole supply chain.
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