From the course: How Blockchains Will Change Business

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Using blockchains in your business moving forward

Using blockchains in your business moving forward

From the course: How Blockchains Will Change Business

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Using blockchains in your business moving forward

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- I've traveled all around the world talking to business people about blockchains, and I found so many people crave a quick and high level answer to the question, what will all this mean to me? After this course, you know that not only are there a lot of layers to that answer, but it's also still evolving. Yet here's a quick hit list of what to watch for as the technology matures and we become better at using it well. One, blockchains will increase operational efficiency. Whether that's reducing cost or time or errors, they'll cut friction in business processes that stretch across organizations and require so many checks and balances. Two, they'll increase visibility to a business and its ecosystem by improving auditability and compliance and transparency. Three, they can increase security and privacy of data, especially when used with new cryptographic techniques. Four, they can open up new business models, markets…

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