As blockchain grows in popularity, people continue to look for practical ways to incorporate the technology into their organizations. Some view blockchain as a silver bullet that can conquer any problem. Others view blockchain as a more complicated method for essentially implementing a database, thus offering little more than a solution looking for a problem. So, should your organization use blockchain technology?

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What is blockchain technology? Technically precise definitions found on Google define it as “a distributed, decentralized, public ledger.” But, what does that mean? In its most basic and general form, simply think of blockchain technology as a new method of securely storing and processing data. At its core, blockchain technology is simply a new ledger technology that can store information.

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