Blockchain is a technology for data management that allows digital information (the block) to be stored and distributed in a public database (the chain) that’s validated by a wider community rather than a central authority.
What is Blockchain?
Benefits that Set Blockchain Apart
Legacy systems of record for everything, from payments to supply chain data, lack transparency and rarely deliver on the real-time promise of digital. When applied to certain use cases, blockchain’s benefits are extremely powerful, even revolutionary:
Blockchain’s Impact on the Enterprise
Analysts expect blockchain’s distributed ledger technology to make a huge impact on the enterprise in the next decade. Here’s what a couple of them are saying:
How Blockchain Impacts Your Industry
Blockchain has thousands of use cases ranging from payments to supply chain traceability. Here are a few of them across multiple verticals that EPAM has researched and validated as having tremendous potential on the blockchain:
Blockchain vs. Bitcoin: Differences Explained
Read the blog to learn the differences and similarities between blockchain and bitcoin.
Could Blockchain Help Improve KYC Data Management & Compliance?
EPAM experts explore the current challenges associated with know your customer (KYC) data management and evaluates whether blockchain is the right technology to solve them.
Fluid Dynamics: The First Steps in the Changing Liquidity Landscape
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Wall Street Blockchain Alliance Adds New Corporate Members
Improving the Agricultural Supply Chain with Blockchain
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What are Blockchain’s Benefits in Retail? 10 Experts share Insights
Jitin Agarwal, VP of Enterprise Products at EPAM, shares his insights on how transparency is the most important benefit of blockchain in the retail industry.