Blockchain Innovation with Persistent
Trust | Speed | Security | Auditability | Interconnectivity
Blockchain technology enables creation of a shared distributed ledger (also known as the blockchain), which can be simultaneously read and modified by all involved parties but is not owned by any party. It has the technological potential to disrupt traditional business models by providing a clear and neat solutions for various business problems requiring multi-party reconciliation, costly trusted intermediaries, solutions that cross organizational and trust boundaries and secure, automatic execution of multi-party contracts. Blockchain based solutions can help organizations cut costs and boost revenue, improve transparency in business processes and provide improved reliability and auditability.
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Blockchain is not the most efficient way of doing things when there is trust in the system: Dr Pandurang Kamat