Detailed Information: What is Blockchain?

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Detailed information and a selection of articles and videos that explain what Blockchain is all about.

Blockchain, the technology underlying IDON and other cryptocurrencies, is already disrupting money and banking, as giant financial firms such as PayPal, Square, JPMorgan, Fidelity and Northern Trust embrace Bitcoin and jockey for position in a future awash in digital assets. At the same time, big companies including Boeing, Samsung, Tesla and Novartis are using the new technology to improve their supply chains, share customer data and speed up business processes.

Definition

"Blockchain is a shared, distributed ledger on which transactions are digitally recorded and linked together so that they provide the entire history or provenance of an asset. A transaction is added to the blockchain only after it has been validated using a consensus protocol, which ensures it is the only version of the truth. Each record is also encrypted to provide an extra layer of security. Blockchain is said to be “immutable” because the records cannot be changed and transparent because all participants to a trade have access to the same version of the truth."

IBM. July 2nd, 2018

Informative Articles

IBM: What is Blockchain? (articles and blockchain 101 in 5 minutes)
To read the article click here.


Ernst & Young: “Blockchains will do for networks of enterprises and business ecosystems what enterprise resource planning (ERP) did for the single company.”

To read the article click here.


Accenture, JP Morgan, Microsoft & 180+ other leading companies partner with the Enterprise Ethereum Alliance: “The EEA is a member-led industry organization whose objective is to drive the use of Ethereum blockchain technology as an open-standard to empower ALL enterprises. Our members are thought leaders from around the globe with a shared vision to create enterprise-ready solutions.”

To read the article click here.

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