BlockChain

A Modern, Virtual, Empowerd Equivalent of the Physical Workspace

The Digital Workspace enables new, more effective ways of working raises eployee engagement and agility and exploits onsymer-oriented styles and technologies

Blockchain is a secure, shared, distributed ledger


Secure

Uses cryptography to create transactions that are impervious to fraud and establishes a shared truth


Shared

Blockchain value is directly linked to the number of organizations or companies that participate in them. There is huge value to even the fiercest of competitors to participate with each other in these shared database implementations


Ledger

The database is “write once” so it is an immutable record of every transaction that occurs


Distributed

There are many replicas of the blockchain database. In fact, the more replicas there are the more authentic it becomes




Break through with blockchain

Blockchain, in many ways, appears to signify the dawn of a new era as it relates to the way we store and exchange value. In fact, it can be considered one of the biggest technology breakthroughs in recent history, similar to the advent of the Internet in the early 1990s. At that time, the Internet provided a new and more sophisticated way to search and share information, a way that was much more efficient and transparent.

Today, blockchain presents a similar value proposition and provides a way to transact in a secure, immutable, transparent, and auditable way. However, the understanding of the technology varies widely in terms of its potential and applicability. Through this primer, we aim to demystify blockchain and share our assessment of the current and future landscape, key drivers and impediments, potential applications, and considerations for companies

Decentralization has great benefits & changes fundamental processes & models


Eliminates Intermediaries

Allows industries to redefine or create new business models


Reduces Fraud

Highly secure and transparent, making it nearly impossible to change historical records


Increases Efficiency and Speed

Simplifies transactions and enables T+Zero settlement time


Increases Revenue and Savings

Potential savings and new revenue opportunities through more efficient processes and reduced costs


Blockchain has the potential to disrupt multiple industries


Financial

Redesign costly legacy workflows, improve liquidity and free up capital. Help reduce infrastructure costs, increase transparency, reduce fraud and improve execution and settlement times


Healthcare

Removes third-party verifiers such as health information exchanges by directly linking patient records to clinical and financial stakeholders. Provides fast, secure, authenticated access to personal medical records across healthcare organizations and geographies


Government

Increase transparency and traceability of how money is spent. Track asset registration, such as vehicles. Reduce fraud and operational costs


Retail & Manufacturing

Better supply chain management, smart contract platforms, digital currencies, and tighter cybersecurity


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