As the world is moving towards non-single ownership of systems and data, Blockchain has emerged as a potential game changer for all such use cases where validity of any data can be vouched by majority of its consumers and thus can be termed authentic and non-manipulated. It has already changed the way in which we now think about exchanging values and assets. In a world where every boundary or third party means sharing of value by them, Blockchain is enormous simply because of simplicity and seamlessness it brings between transfers of value as well as assistance with dispute resolution between two parties.
Shared and secured ledger of transactions is distributed among multiple providers rather than one owner. This has led to creation of new channels where business processes or data can be shared across multiple organizations while reducing risk of fraud and wastage. Organizations are now adopting Blockchain as a part of being future-ready and are utilizing this unique method to build solutions which can be truly impartial and of high integrity.
