Blockchain News

5 ways blockchain is the new business collaboration tool


While blockchain may have cut its teeth on the cryptocurrency Bitcoin, the distributed electronic ledger technology is quickly making inroads across a variety of industries.

That’s mainly because of its innate security and its potential for improving systems  operations all while reducing costs and creating new revenue streams.

David Schatsky, a managing director at consultancy Deloitte LLP, believes blockchain’s diversity speaks to its versatility in addressing business needs, but “the impact that blockchain will have on businesses in various industries is not yet fully understood.”

In 2017, blockchain technology started to become a key business focus for many industries, something a Deloitte survey conducted in 2016 had predicted.



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