Title

Blockchain: Exploiting the Potential for Your Company

Speaker

Melanie Nuce, SVP of Corporate Development, GS1US

Takeaways

• Blockchain is a record of a transaction across many nodes that provides a level of transparency. It’s a public network that has immutability as one of its founding principles. Once a transaction is added, it can’t be changed. Blockchain has decentralized ownership. There are many database copies, many owners, and it is resilient to technical and organizational failure.
• Data can be shared to help make effective business decision. An enterprise blockchain can have permissions around the data and access control layers. You can blend what data is on and off the chain, so a company can provide a customer proof without giving all of the data behind it.
• Business processes in pilot organizations will need to adapt before distributed ledgers will bring the expected value.
• The ultimate goal of blockchain is to deliver transparency and trust. Blockchain can be used to deliver safe and transparent products to the consumer downstream.