Blockchain for Business: How This Booming Technology is Benefiting Corporations According to Deloitte’s 2018 survey of over 1,000 business executives, 39% of respondents stated their companies would invest at least $5 million in blockchain technology in the next year. Blockchain is a revolutionary technology with the potential to disrupt companies across a wide range of industries. Therefore, business owners should understand the many potential applications that can support and help grow their businesses. Rider University Blockchain Technology Explained Blockchain is a technology that records information about a transaction on a distributed, decentralized, public ledger. Each transaction is then recorded in a digital “block” that is added to the existing chain of information. Blockchain technology is revolutionizing security with its ability to transfer digital ownership in a decentralized manner that does not require trust in a central entity. Key Components To understand blockchain, it’s important to know its essential components. The....
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