RSM Australia

The emergence of Blockchain- what you need to know!

Blockchain is one of the more exciting—and more misunderstood—emerging technologies.

 It essentially offers a decentralized ledger of all transactions across a network.  When a transaction occurs, everyone on the network knows about it.  It is tamper-proof and virtually instantaneous.  This can have a real disruptive implications for the operations of your organisation, where processes and controls are used to keep records for asset transfers and more.  At a very high level, blockchain is a decentralized ledger, or list, of all transactions across a peer-to-peer network.  This is the technology underlying Bitcoin and other cryptocurrencies, and it has the potential to disrupt a wide variety of business processes. 


This blog by Russell Yardley explores what every board director and executives need to know about blockchain and how it can disrupt your business, to read this click here