As noted in Chapter 1, Blockchain – Enterprise and Industry Perspective, blockchain promises to fundamentally solve the issues of time and trust in industries such as financial services, supply chain, logistics, and healthcare. It seeks to streamline business processes and thereby address inefficiencies. It's a technology for a new generation of transactional applications built on trust, accountability, and transparency. There are several characteristics shared by every industrial blockchains, including the following:
- A shared single source of truth
- Secure and tamper-proof
- Private unlinkable identity
- Scalable architecture
- Confidential
- Auditable
The diagram that follows summarizes these characteristics ...
