Components
This is a growing list of records, called blocks, that are linked together using cryptography.
What is a blockchain?
This is what most cryptocurrencies use blockchain to do.
What is to record transactions?
This is what blockchain technology can be implemented with.
What is ERP?
Satoshi Nakamoto
Who invented blockchains?
These contain a cryptographic hash of the previous block, a timestamp, and transaction data.
What are blocks?
Their potential to speed up back office settlement systems.
Why are banks implementing block chains?
Accounting, forecasting, pricing, manufacturing planning, and distribution orders
What are future implementations of blockchains?
These people will have an advantage when it comes to using blockchains.
What are first movers?
This links together blocks.
What is a cryptography?
These places have opened new research labs to explore how Blockchain can be used to better financial services and increase efficiency and decrease costs.
What are banks?
This is an ERP system limitation.
What are customized software systems?
Trade, currency, shares, stocks, and more
A central server or trusted authority
What do blockchains eliminate the need for?
Helping companies to create a transparent environment for their customers.
What is a use/competitive advantage of blockchain?
This is how blockchain technology can work in SCM systems.
What is automating business processes?
The year blockchains were invented.