Blockchain

The technology is complex, but the idea is simple

Overview

What is Blockchain?

Blockchain is a secure, shared, distributed ledger. In other words, it is a transaction dataset that's validated by a wider community, rather than a central authority. Blockchain is a transparent and verifiable system that is distributed among a network of computers. The technology securely distributes and verifies the ledger across the entire network without the need for third-party intermediaries. Blockchain allows for business processes and data to be shared across multiple organizations, which eliminates waste, reduces the risk of fraud, and creates new revenue streams.

Why is Blockchain important?

There are both incremental and transformative benefits to using Blockchain technology. From transforming the way financial institutions move money to changing how our medical records are handled, shared ledger technology will soon be the way that many business transaction processes are done. 

Incremental

Transformative

Eliminate intermediaries

Grow revenue

Reduce fraud

Build new relationships

Increase speed

Enter new markets

As Blockchain evolves to meet enterprise needs, it is poised to disrupt many industries 

  • Finance: Permanent records for the millions of transactions that place in the banking and finance industry every day
  • Real Estate: Secure storage for all documents and transaction records with less work and cost
  • Healthcare: Secure storage, as well as, accurate and safe transfer of medical records between parties
  • Legal: Record history stored on blockchain will be quickly and securely verified. Any changes will be authenticated and stored
  • Supply Chain: Track status and product custody as physical goods pass between parties and points in the supply chain process
  • IoT: Bring scalable, decentralized security and trust to IoT devices, applications, and platforms

Take a strategic approach to applying blockchain to your organization’s business processes

Building on Blockchain Roadmap             ​

  • Business Process Analysis and Integration Strategy ​

  • Assessment to determine suitability for Azure Blockchain ​

  • POC Solution Architecture and Technical Guidance​

Blockchain POC Engagement​

  • Blockchain Decentralized App POC build in Azure​

  • Timeline and Cost TBD based on findings from Roadmap​

Blockchain App in a Day – Technical Workshop​

  • Hands-on technical session with Concurrency and MTC Architects ​

GET STARTED

Blockchain Ledger

Secure

Secure

Blockchain uses cryptography to create transactions that are impervious to fraud and establishes a shared truth.

Shared

Shared

Blockchain value is directly linked to the number of organizations or companies that participate in them. There is huge value to even the fiercest of competitors to participate with each other in these shared database implementations.

Distributed

Distributed

There are many replicas of the blockchain database. In fact, the more replicas there are the more authentic it becomes.

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