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 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! 🙂