BlockChain

Blockchain is a secure, shared, distributed ledger

Secure

Uses cryptography to create transactions that are impervious to fraud and establishes a shared truth

Shared

Blockchain value is directly linked to the number of organizations or companies that participate in them. There is huge value to even the fiercest of competitors to participate with each other in these shared database implementations

Ledger

The database is “write once” so it is an immutable record of every transaction that occurs

Distributed

There are many replicas of the blockchain database. In fact, the more replicas there are the more authentic it becomes

Break through with blockchain

Blockchain, in many ways, appears to signify the dawn of a new era as it relates to the way we store and exchange value. In fact, it can be considered one of the biggest technology breakthroughs in recent history, similar to the advent of the Internet in the early 1990s. At that time, the Internet provided a new and more sophisticated way to search and share information, a way that was much more efficient and transparent.

Today, blockchain presents a similar value proposition and provides a way to transact in a secure, immutable, transparent, and auditable way. However, the understanding of the technology varies widely in terms of its potential and applicability. Through this primer, we aim to demystify blockchain and share our assessment of the current and future landscape, key drivers and impediments, potential applications, and considerations for companies

Decentralization has great benefits & changes fundamental processes & models

Eliminates Intermediaries

Allows industries to redefine or create new business models

Reduces Fraud

Highly secure and transparent, making it nearly impossible to change historical records

Increases Efficiency and Speed

Simplifies transactions and enables T+Zero settlement time

Increases Revenue and Savings

Potential savings and new revenue opportunities through more efficient processes and reduced costs

Blockchain has the potential to disrupt multiple industries

Financial

Redesign costly legacy workflows, improve liquidity and free up capital. Help reduce infrastructure costs, increase transparency, reduce fraud and improve execution and settlement times

Healthcare

Removes third-party verifiers such as health information exchanges by directly linking patient records to clinical and financial stakeholders. Provides fast, secure, authenticated access to personal medical records across healthcare organizations and geographies