Business Briefing: Blockchain

Distributed Ledger Technology (DLT) has the potential to transform business practices in both the public and private sector. It will be most beneficial and disruptive in any sector where assets (including people) undergo a series of distinct changes of state. This could include life records for digital identity, managing steps in supply chains, processing transactions in accounting and finance, following patient journeys in health, or streamlining government processes. DLT links to effective use of the Internet of Things, and can reduce the sharing of sensitive information to improve data security.