3 Advantages Boards Need to Know About Blockchain

Blockchain will change the rules for middle-market companies. The technology creates immutable records, thereby reducing fraud risk, enabling smart contracts and digital currency, and streamlining processes for records, recall information and myriad transactions — across distances.

In a fundamental way, this disruptive technology will change how companies operate and that means the oversight responsibilities of board members dictate that they understand just how blockchain could affect enterprise operations. As boards and management work together to examine what the technology offers, and develop their digital strategy, here are three perspectives to keep in mind:

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