Blockchain

    “Blockchain is as significant now, as the internet was 25 years ago.” – Blythe Masters, Chief Executive, Digital Asset Holdings

     

    Is Blockchain another cryptocurrency?

    For many executives, blockchain is synonymous with bitcoin and digital currency. While blockchain technology is the foundation and facilitator for digital currencies, it offers more innovation than just cryptocurrency.

     

    What is Blockchain?

    To make things simple, blockchain can be described as a decentralized digital ledger of time-stamped records, protected with cryptography. It is a sequential chain of information that is maintained on multiple computers in a network. Each one of these computers maintains the entire record and users can easily verify them. The decentralization provides ease of access and intercommunication to all users without affecting data integrity.

     

    What does Blockchain mean for Your Organization?

    With digital transformations taking the world by storm, digital data is set to become the economic fuel of the future. Blockchain is one of the newest Data Management Technologies and is founded on the “four T’s” of Trust, Transparency, Traceability, and Tamper-resistance.

    Blockchain technology can empower your organization with a data management system that is:

    • Trustworthy
    • Transparent
    • Traceable
    • Tamper Resistant
    • Customizable
    • Strategized to meet digital transformation goals

    Who’s using Blockchain?

    1. Etihad Airways – This leading International airline has partnered with the Swiss startup, Winding Tree, to make travel more accessible to consumers using blockchain to manage logistics.
    2. Amazon – This business giant has developed blockchain tools for companies that don’t want to implement the technology themselves.
    3. Citigroup – This leading bank is developing blockchains for applications such as securities settlement, credit derivative swaps, and insurance payments.
    4. Maersk – IBM and Maersk, one of the world’s largest shippers, are working on TradeLens, a global blockchain for shipping companies.

    In 2019, Forbes released a list of 50 Billion Dollar Companies that are adopting blockchain.

     

    Enter the realm of Leadership with Tadafur

    We support transaction-oriented organizations and financial institutions in exploring the potential of blockchain technologies to create a competitive advantage in their respective businesses.

    To assist companies with adopting blockchain technology, we:

    1. Evaluate technologies
    2. Identify benefits
    3. Identify blockchain settings
    4. Identify resource gaps
    5. Evaluate costs
    6. Assist with adoption roadmaps
    7. Guide implementations

    To evaluate how blockchain technology can benefit your organization, contact one of our experts to set up a consultation.