In this video, learn how to describe at the highest level how blockchains impact business. There is one unifying theme behind what blockchains make possible—and most people tend to miss it.
- How many organizations are involved … in creating your products and services? … So typically, it's quite a few. … You may have suppliers and distributors and shippers … and brokers and logistics providers, and so on. … Now, how many of these organizations … do you take at their word? … And I'm not just asking how many you believe … will do the right thing, I'm asking you … how many you believe will always … get all the transactions right, … to the point where you don't need any checks and balances. … Typically, as things move from organization to organization, … we have accounting review invoices … and reconcile the shipments. … We do charge backs when something spoils. … We wait until we confirm products have arrived … before we pay. … These checks and balances create friction. … They're time consuming, they're costly, … and the more steps, the more prone to errors and fraud … that they can be. … Each step is a speed bump that slows business down … and the impact, it flows right to your customers. …
Alison begins by explaining what blockchains accomplish, how they make it safer for everyone to work together, and where they do—and do not—deliver value. Then, she details the new tools that blockchains offer business, including how they can help you discern what's real from what's false in your digital world. Plus, learn how blockchains can impact different departments within your business, from finance to HR.