CHAPTER 2
SEEKING VALUE
Blockchain-inspired solutions include three of the five design elements of blockchain: distribution, immutability, and encryption. Organizations are using these solutions to improve record keeping and transparency and to modernize cumbersome or manual processes, including those that cross enterprise boundaries. Through 2023, the majority of solutions inside established organizations and called “blockchain” will be blockchain-inspired and developed for one of these purposes.
Applied in the right context, blockchain-inspired solutions could, for example, improve efficiency; reduce back-office costs; speed up confirmation, settlement, and traceability; and improve data quality and management.1 An example of a high-potential ...
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