Blockchain
Blockchains link digital records – data blocks – using cryptography. This ledger technology promises to disrupt the economic landscape and facilitate trade by creating transparency and establishing trust through indelible records of transactions. While blockchain technology has become widely known as the underlying technology of cryptocurrencies such as bitcoin, it holds potential for many other applications.
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Before jumping on the bandwagon, companies need to carefully consider how ledger technologies fit into their overall strategy.
Teppo Felin and Karim Lakhani
MIT Sloan Management Review, 2018
