Blockchain infrastructures and their inherent distributed ledger technologies promise a new era for companies to leverage decentralized processes. Blockchain technology does not have to rely on a central point of control because of its decentralized nature. For companies, this ensures that the system is fair and secure simply through the absence of a single authority.
The method used to record data onto blockchain delivers its most unique and singular quality: its value of decentralization. This simply means that instead of the traditional central authority in place to secure transactions with other users, blockchain uses consensus protocols across a network of nodes. This network takes the place of the central authority: it validates transactions and records data in an incorruptible way. At its core, blockchain is a ledger of information. Therefore, it is essential that the stored information is accurate and authentic.
In this seminar, attendees will learn about the benefits of decentralized systems and the emerging patterns and practices for decentralized platforms and systems. It will also provide insight on how to use these new capabilities in real business scenarios.To view the full video you must have a IMPACT 2019 video membership. Sign up today!