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information age | 3 questions small businesses should ask before adopting blockchain

The key factor to successful blockchain integrations – like the integration of any new technology – is making sure it is the right tool for the job

Bitcoin may be stalling, but blockchain is heating up.

Investors are struggling to make heads or tails of bitcoin’s valuation, but businesses are increasingly exploring blockchain as the next big thing for their operations.

Blockchain is a decentralised, digital public ledger, recording all the transactions between multiple entities and allowing that information to be distributed among disparate organisations. Trust is established on the blockchain and a permanent audit trail is created to hold everyone accountable for their end of the bargain, eliminating the kind of fraud associated with falsifying financial statements and multi-party agreements.

Read the rest of the article on information age.