Blockchain in Business

Abstract

Blockchain is a disruptive technology that brings transformation in business processes. The main reason is to reap major benefits like transparency, decentralization, immutability, and security at reduced costs. A blockchain creates a trusted record using cryptography. Blockchain technology is becoming increasing important in numerous industries such as healthcare, logistics, manufacturing, and business. Blockchain is valuable in business for entities transacting with one another. Across industries around the world, blockchain is helping transform business. This paper provides an introduction to the use of blockchain technology in business.