One of the most obvious applications of Blockchain technology is the registration of intellectual property rights to catalog and store original works. Countries, like the United Kingdom, that do not have an official registry, so the authors lack of adequate means to register the ownership...
Fashion companies are clamoring for ways to trace their products, whether to protect their reputation, to inform their customers, or to ensure the quality and authenticity of goods. Supply chain and inventory management are among the most promising blockchain applications for fashion and apparel companies. Their...
It is always difficult to predict the long-term impact of an innovative technology. However, the following aspects are promising candidates for becoming the long-term accomplishments of the blockchain: Disintermediation. The blockchain does not destroy the role of the middleman but instead it establishes itself as...
You would surely like to have an scheme to help you to identify potential applications of blockchain technology in your company or institution. Based on the characteristics of the blockchain and its properties as a generic data store for all kinds of data, the following...
What started with Bitcoin as a virtual currency, is leading to a multiplicity of blockchain-enabled businesses and implementations. All this represents a truly great and significant change: a new economy based on this crypto-technology, able to provide unparalleled global value creation opportunities. Despite the current predominance...
Recruitment, personnel’s selection and talent identification services require a lengthy process of data verification. From verifying the candidate’s educational qualifications to work experience, including consulting referees, is a time-consuming and tedious task. It has also become extremely difficult to accurately verify that whatever appears on a...
The blockchain’s raison d’être goes beyond transforming enterprise systems and replacing intermediaries. It is oriented to conform a new social system widely decentralized. This decentralization does not mean anarchy or performing illegal acts. It rather represents granting power to the individual and fewer restrictions. It...
Raising only the potential problems that blockchain could solve is a very restricted approach to its impact on the business strategy. This innovation goes much further, since it is capable of highlighting new opportunities, which requires a different mind set. Let's examine three generic areas...
Blockchain technology will reshape virtually every corner of the accounting world, changing the way of working, where to do it and how to connect with clients. The nature of tax and audit services will rapidly evolve into something so different that it will force professionals...