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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: US Consumer Tracker: Shoppers Show Reduced Awareness of Price IncreasesCES 2023 ShowStoppers: Spotlight on Healthcare TechWeekly US and UK Store Openings and Closures Tracker 2024, Week 3: Greggs To Open 140 Stores in the UKInnovator Profile: Hawke AI Powers Performance Analytics for Enhanced Marketing Intelligence