Deep Dive 17 minutes PremiumBlockchain Technology: The world’s Game changer? Coresight Research April 19, 2016 Executive Summary Blockchain technology creates a secure transaction ledger database that records and stores every transaction that occurs in a network of decentralized computers, essentially eliminating the need for “trusted” third parties such as payment processors. The four pillars of blockchain technology are security, transparency, trust and speed. The manner in which transactions occur provides all four for all participants, and transactions occur in minutes, if not seconds, rather than over the longer time frame that many banking activities require. Blockchain can be used to transform the way music, media and movies are obtained online. It enables the transfer of ownership and assets to be completed and stored, and the provenance of information and items to be proven. The technology could offer new and innovative ways of storing, providing and tracking healthcare and insurance information. If the technology is successfully developed, the entire financial services and securities systems could be transformed. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Analyst Corner—Keep Up with Retail Dynamics: The Fast Luxury Model with Sunny ZhengFebruary 2023 US Retail Traffic and In-Store Metrics: Traffic Growth DeceleratesWeekly US and UK Store Openings and Closures Tracker 2023, Week 49: Over 300 Rite Aid Closures Year to DateConsumers Report Staying Home for Lunar New Year: China Consumer Survey Insights