Blockchain, the technology disrupter and the decentralized shared ledger has four important points that essentially define it. They are: Consensus, Immutability, Finality, Provenance. This blog post will define these four important concepts.
Blockchain will be a game changer for the supply chain management system. The IBM business blog describes provenance as an “immutable audit trail of ownership & location as it changes over time” (Source: https://www.ibm.com/blogs/insights-on-business/government/proving-provenance-with-blockchain/) This audit trail promotes transparency that can never be achieved with traditional database systems.
Jayanthi Manikandan has an undergraduate degree in Computer Science from India and a Master’s degree in Information systems with a specialization in Information security from Detroit, MI, USA. She has written blogs for Simplilearn, Whizlabs software, InfoSec institute and Jigsaw academy. She has created e-learning videos for Whizlabs software and Twenty19.
She has been passionate about Information security and has several years of experience writing on various technical topics. Additionally, she loves to pen a few personal thoughts here as well! 🙂