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...
For the craved Dr. House there was no doubt. And technological innovations seem to prove him right. If you study the blockchain technology applications that are disrupting the business world, all seem oriented to answer the different lies or deceptions established and specific to each...
As people began to understand how blockchain works, they started using it for other purposes and different types or categories of blockchain have emerged. There are public blockchains that everyone can access and update, private blockchains for just a limited group within an organization to...
From raw materials to finished products, supply chains process, store, and move almost everything we interact with every day. Supply chains are based on the cooperation of all of the participants required to move products from producers to customers. They must have the ability to...
A blockchain is a database encompassing a physical chain of fixed-length blocks that include 1 to N transactions, where each transaction added to a new block is validated and then inserted into the block. When the block is completed, it is added to the end...
In fact, most businesses are characterized by being subject to some type of regulations, or acting as intermediaries in a market, or forming part of a value chain ecosystem with various members acting as intermediaries. Hence, when you hear about blockchain as a solution whose main...
Trust in business is the expectation that the other party will behave according to the principles of integrity: honesty, consideration, accountability, and transparency. Honesty is not just an ethical issue but also an economic one. To establish trusting relationships with employees, partners, customers, shareholders, and the...
Not all processes need an economy or a payments system, or peer-to-peer exchange, or decentralization, or robust public record keeping. Further, the scale of operations is a relevant factor, because it might not make sense to have every tiny microtransaction recorded on a public blockchain. In...
The blockchain can be used for just about anything you can imagine: tracking packages all around the world in real time, creating copyright claims, fighting online piracy, and bringing an end to counterfeit products. The blockchain has become well known for its financial capabilities in...