Takeaway

  • Blockchain is a secure, immutable electronic ledger that can track virtually anything of value. It establishes trust among parties via a transparent chronological record of each transaction.
  • When applied to industries, blockchain can revamp traditional business processes. In the global supply chain, blockchain could eliminate billions of dollars in fraud annually. For real estate, it could eventually replace the need for title insurance. New business models could be introduced in industries like energy.
  • To support this, IBM is committed to an enterprise-grade blockchain platform and applications like the Hyperledger Project.

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