In the current environment, where data is under constant threat, traditional backup solutions are not enough to guarantee data protection. Solutions using blockchain technology can provide indisputable data verification in any industry. Common use cases include property and medical records, chain-of-evidence for court documents, police video or security camera footage, intellectual property documents, long-term archiving that could be subject to IT audits, and consortium data storage, where multiple entities or individuals need to securely store and exchange massive amounts of data and information.
Up Next in Blockchain
Distributed-ledger technology is often considered among the most secure ways to store sensitive data and to allow the data’s owners more choices about who sees what information. Private blockchains under the direct control of patients are promising alternatives to the fragmented, often duplicated, and easily-breached electronic health records (EHRs) currently in use across most of the healthcare industry.
83% of Life Science Execs Expect Healthcare Blockchain in 5 Years
Blockchain may be in widespread use among pharmaceutical and life science organizations within the next five years, executives predict.
Companies are being forced to reconsider existing business models in sectors as diverse as media, transportation, and banking. According to a panel at the World Economic Forum's June meeting in China, businesses looking to grow shouldn't shy away from adopting new, emerging technologies – even if it means cannibalizing their own legacy operations.
Why companies must invest in new technologies, even if it eats their own lunch