Enterprise Blockchain Strategy - Defining Your Enterprise Blockchain Strategy
Advancement in cryptography and distributed computing over last several years, has led to the advent of blockchain and cryptocurrencies. These technologies have the potential to fundamentally change how transactions take place in a digitally connected world. Enterprise blockchain is a multi-tiered technology platform which has the potential to orchestrate the behavior of firms, their consumers, their value chains, and regulators based on a series of transaction contained within a distributed ledger. Blockchain potentially creates new opportunities for increased engagement between adopting organizations, and their suppliers, customers, regulators, and competitors to interact within a distributed system built to drive increased value chain efficiency and reduce production costs. Unlike traditional enterprise software which are localized to a single enterprise, Blockchain technology is driven by robust partnerships and ecosystems made up of independent network actors.