What's the blockchain technology?
The blockchain is a distributed (or "decentralized") digital ledger that records transactions across a network of computers. It was originally created as the underlying technology for the digital currency, Bitcoin, but its capabilities have since been recognized as having much broader potential.
One of the key features of the blockchain is that it is an immutable record, meaning once data is recorded on the blockchain, it cannot be altered. This is achieved using complex cryptographic & mathematical algorithms and a consensus mechanism, where multiple users (nodes) must agree on the validity of a transaction before it is recorded on the blockchain.
Coupled with a flexible level of transparency depending on whether you opt for a public, hybrid or private blockchain, this technology can bring many benefits to companies:
Overall, the blockchain has the potential to revolutionize how businesses operate by increasing transparency, security, and efficiency in a wide range of industries. It is still a relatively new technology and it's still being explored and experimented on many different areas and has yet to reach its full potential but the benefits it could bring to the business is significant and undeniable.
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Our team of experts will work with you to build the skills and autonomy of your employees in the use of blockchain, and provide your executives with a strategic view of this technology to help them position your company on these key topics, design and implement the perfect blockchain solution for your business, whether it deals with supply chain management, digital asset or Non-Fungible Token (NFT) creation.
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