News Source For The Physical Security Industry

While much of the early focus on blockchain and distributed ledger adoption had been focused into the financial services sector, the technology that promises ultimate levels of verifiability and auditability of transactions has clear benefits to the retail sector, far beyond simply accepting Bitcoin. Whether it be to streamline entry into new markets by reducing the overhead required, or enhance trust and transparency in traditional markets by providing permanent and unalterable transaction records, the technology has clear applicability and potentially transformative. Though distributed ledger systems such as blockchain are still in their early days, CIOs owe it to themselves to begin investigating the technology and understanding both its applicability and it’s limitations and challenges to best position themselves for potential adoption.