Chart Westcott | How Blockchain Is Transforming Business

The rapid emergence and evolution of new technologies have created new opportunities for companies to transform their operations and improve their performance. However, it is still important that the management team is aware of the potential of digital innovations and the necessary steps to implement them.

Blockchain is one of the most prominent technologies identified as a part of this transformation. Although the concept of blockchain was first unveiled in 1991, it wasn’t until 2009 that it was widely used in practice. Despite the technological advancements that have occurred in the field, blockchain is still in its infancy and has a long way to go before it can significantly impact the business world.