From the course: Learning Digital Business Analysis

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Blockchain

Blockchain

From the course: Learning Digital Business Analysis

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Blockchain

- We hear about Blockchain most often when discussing cryptocurrencies. And increasingly businesses are finding more operational uses as well for Blockchain. Blockchain is, simply put, a digital ledger of transactions. The business uses of Blockchain technology are becoming a part of digital transformations, and a new wave of technology being used to transform organizations. Innovators are finding new ways organizations can leverage Blockchain. And it keeps evolving. The Blockchain is a name for a technical process that stores the transaction details in a way that's decentralized and distributed so that it can't be tampered with. It's a distributive ledger and brings enhanced security and efficiencies to many uses in business processes. The areas that Blockchain can be leveraged in business processes are far beyond its original use in cryptocurrencies, and is becoming a big part of investment for many organizations. Let's look at some examples of how Blockchain can be used in common…

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