Extract from article by David Linthicum
A little background: Blockchain is a public ledger system that can be used to record any kind of transaction. The ledgers are concurrently stored in multiple locations, and the entries are cryptographically signed to prevent changes. Moreover, Blockchain provides an auditable trail of all the transactions and removes the need for a trusted middleman. Use cases are many. Consider Blockchain’s benefits for real estate, financial, contracts, and even health care.
Although there is a lot of hype around Blockchain, most organizations are experimenting with data integration standards, as well as the technology. The ability to distribute data using Blockchain fits the standards criteria of many organizations, and use cases are beginning to appear.