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...
The insurance industry seems to be uniquely positioned to benefit from blockchain technology. Blockchain can address the competitive challenges many incumbents face, including poor customer engagement, limited growth in mature markets, and the trends of digitization. Not only does blockchain offer the promise of cost reduction...
Blockchain technology has also the potential to transform the pharmaceutical industry. These distributed transaction records can offer logistical and safety advantages for the patient in the of the pharmaceutical supply chain management. One of the most promising benefits of blockchain from a patient safety perspective is...
In a previous note we compared the advantages of using blockchain certificates versus those issued on paper. The use of digital certificates, in general, also have advantages over paper: They need fewer resources for their issuance and maintenance. They can be revoked by the issuing...
The most widespread system for the accreditation of academic competences is the issuing of certificates in paper format. They usually have specific security measures that seek to hinder their potential falsification. In addition, special care is taken to ensure that the delivery of the certificate...
Blockchain's technology is recognized as capable of transforming also healthcare systems. This can be achieved by granting fundamental changes, such as placing the patient at the center of the health ecosystem and increasing safety, privacy and interoperability of medical information. This technology could lead to...