What does Blockchain Mean for Companies?
Blockchain is a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly. So, what does this mean for companies? Before Blockchain, there wasn’t really a way to secure and validate ownership in a digital asset or verify a transaction. This technology is the first that enables the transfer of digital ownership in a decentralized trustless manner.
Now you’re probably thinking about “what” companies will benefit from this new technology: transaction-based, benefits from history that can’t be rewritten, and benefits from public scrutiny.
As time go by, Blockchain will become more effective and useful for businesses. It’s new technology...let’s see where it will go!