27 Mar '17, 1pm

Beyond Bitcoin: How Enterprises Can Integrate Blockchain into Business

Beyond Bitcoin: How Enterprises Can Integrate Blockchain into Business

Supply chain The immutability of DLT makes blockchain suited to banking and finance, which is why the first mature applications, such as Bitcoin and Ethereum, are in this space. The responsibility for verifying and securing the transactions shifts from a central authority to the distributed network, and the ledger is public, which increases transparency. But you don't have to deal in cryptocurrency in order to find a fintech application for blockchain. The real promise for enterprises lies within the supply chain. Because transactions happen in real time, sales order processing, inventory management, and accounting work more closely together and at significantly increased speeds. Picture this: a women's apparel retail store does a booming business in a particular line of handbags. The store's inventory management system sends a purchase alert when it's time to order, and t...

Full article: http://cloudcomputing.sys-con.com/node/4041564

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