Blockchain beyond the hype: What is the strategic business value?

by Larry Emmott on June 26, 2018

in Future Tech,General,Security

From McKinsey & Company:

Blockchain’s core advantages are decentralization, cryptographic security, transparency, and immutability. It allows information to be verified and value to be exchanged without having to rely on a third-party authority. Rather than there being a singular form of blockchain, the technology can be configured in multiple ways to meet the objectives and commercial requirements of a particular use case.

To bring some clarity to the variety of blockchain applications, we structured blockchain use cases into six categories across its two fundamental functions—record keeping and transacting

Source: Blockchain beyond the hype: What is the strategic business value? | McKinsey & Company

Blockchain is big news, it is being suggested as a solution to all kinds of problems from drug addiction to welfare reform. I freely admit I do not understand the core technology but I do understand the basic concept, which is a ledger system that can not be altered guaranteeing honest transactions. Maybe.

The linked article is a good overview. I believe we will be seeing blockchain used in medicine and dentistry in all kinds of unexpected creative ways.

UPDATE: FDA Pilot Project for Healthcare Blockchain

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