Categories: Special ReportData Management

Blockchain: Truth & Consequences

Distributed ledgers have the potential to upend everything we know about our travel data
In the world of data buzzwords, the new kid on the block is blockchain, also known as distributed ledgers, and it’s the high flier in financial and procurement circles. But exactly what is a blockchain and how does it tie into our Phat Data strategy? And should we care?

Why, yes indeed, we should absolutely care about blockchain! Buyers and suppliers alike need to start understanding how blockchain can transform data strategies.

Let’s start with the basics: What is blockchain? In its simplest form, blockchain keeps people and data honest. But that seems like too simple an explanation! The real definition of blockchain is – a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly.

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