While Bitcoin is the poster child of blockchain, the technology goes beyond cryptocurrency. Blockchain refers to an all-encompassing technology that creates a digital ledger. It does so by integrating data from various platforms and enabling independent parties from all over the world to share data across a network.
Critical tools used in business operations (e.g., contracts and transaction records) and the bureaucracies formed to manage them are lagging behind in today’s business environment where digital tools have changed the pace and expectations of how things are done.
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