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PPT describes the Blockchain in Various Industries
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BLOCKCHAIN • IN • VARIOUS INDUSTRIES www.leewayhertz.com
Contents: • What is Blockchain? • Applications of Blockchain • Blockchain in various Industries • Benefits of Blockchain in various Industries • Costs of Blockchain in various Industries www.leewayhertz.com
What is Blockchain Technology? A digital ledger that keeps a record of all transactions taking place on a peer-to-peer network All information transferred via blockchain in encrypted and every occurrence recorded, meaning it cannot be altered. It is decentralised, so there’s no need for any central, certifying authority It can be used for much more than the transfer of currency; contracts, records and other kinds of data can be shared Encrypted information can be shared across multiple providers without risk of a privacy breach www.leewayhertz.com
Applications of Blockchain www.leewayhertz.com
Blockchain in Various Industries www.leewayhertz.com
Blockchain • for every • Industry www.leewayhertz.com
Benefits of Blockchain • in various Industries Access to new markets Virtual asset creation/distribution Efficiency gains No central point of failure Traceability of records Immutability of records Distributed ledger versus central authority www.leewayhertz.com
Costs of Blockchain • in various Industries Project failure/missed expectations System duplication Change management Security and Privacy Operational risk Technology Implementation Integration Partnership and ecosystem management/governance www.leewayhertz.com
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