The Benefits of Blockchain for the Enterprise

Blockchain has been one of the most loudly trumpeted new technologies on the enterprise database scene in recent history, writes Big Data Quarterly columnist Jim Scott. However, he notes, the concept of a blockchain is not really a new notion: “It is more of a repackaging of existing constructs to deliver a new set of benefits to any organization leveraging it for their use cases. It provides the benefit of irrevocable proof, and it reduces friction with information exchange.”