Blockchain Mini MBA: Learn What Blockchain Can Do for You
Blockchain technology helps businesses in multiple ways.
Blockchain increases trust, security, transparency, and the traceability of data shared across a business network. Additionally, blockchain technology delivers cost savings with new efficiencies.
An especially endearing characteristic of blockchain for business is how it uses a shared and immutable ledger that can only be accessed by members with permission. In other words, network members control what information each organization or member may see, and what actions each can take.
Industry sectors are also discovering the benefits of blockchain technology. For example, in healthcare, blockchain improves security for patient data while making it easier to share records across providers, payers and researchers. Control over access remains in the hands of the patient. This in turn, advances trust.
Pharmaceutical companies are turning to blockchain in connection with how products move through the supply chain where every action is recorded. The resulting audit trail means an item can be traced from origin to pharmacy or retailer, helping to prevent counterfeiting and enabling manufacturers to locate a recalled product in seconds.
Blockchain technology is even at work for governments. Experts in this field believe that blockchain-based solutions could shift governments away from siloed and inherently insecure centralized systems.
In fact, blockchain technology is on the verge of accelerating key government functions. Many of these functions entail identity verification and certifying transactions such for land-use registry and safekeeping of medical records.
Want to learn more? Tonex offers a 5-day Blockchain Mini MBA program that addresses blockchain technology, business, leaderships, tools, and concepts that can help effectively manage development and provide a guidance to improve business decisions.
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