Blockchain is a distributed, decentralized database that maintain a continuously growing list of secure data records without the need for trusted third-parties oversight or admission control to the system.

At its core, it is a peer to peer distributed ledger. Its cryptographically secure and extremely hard to change. Its updatable only via consensus among peers.

Top Blockchain benefits:

• Better transparency

• Reduced costs. No need to pay for intermediaries.

• High level of security. Hacking threats reduced significantly

• True traceability. Easy to track transactions

• Improved speed and efficiency. Faster Transactions

Top application areas:

Healthcare:

• Universal Patient Profile

• Drug traceability

• Better clinical trials

Supply Chain:

• Secured way of transactions.

• Very useful in bidding and vendor selection

• Faster transactions

Risk Management:

• Secured way of sharing audit reports and red flagging frauds

• Better traceability

• Faster process

Government:

• Proper Identity Management

• Transparent processes

• Better clinical trials