What Is Blockchain Technology and Why Does It Matter?

Blockchain is a technology that promises to fundamentally change how we share information, buy and sell things, and verify the authenticity of information we rely on every single day — from what we eat to who we say we are. And because it can facilitate all of this in secure, efficient, and transparent ways across many different domains, the effects can be transformative — every business, government, and individual can benefit.

Such is blockchain’s promise that  Gartner predicts it will result in $176 billion in added business value by 2025, and $3.1 trillion by 2030. Yet blockchain is also a complex technology, and many companies are finding it challenging to unlock its full value, given complexities around networks, data models, partner adoption and skills gaps amongst their employees.

So how can it achieve this promise, exactly? What is blockchain technology, for a start, and how should organizations separate the reality from the hype?

For many people, blockchain is a complex topic and not the easiest concept to grasp. Here's a preview of some of the questions this article will answer:

• What is blockchain technology?
• How does blockchain work?
• What are the benefits of blockchain?
• How can businesses use blockchain?
• How will blockchain disrupt industries, from financial services to healthcare?

PLEASE CONTINUE READING THIS ARTICLE HERE

https://www.salesforce.com/blog/what-is-blockchain-technology/

See also: Why You Should Leverage the Combined Power of Blockchain and IoT