Extract from FTI Consulting’s article “Are Blockchains in Your Company’s Future?”
As if CEOs didn’t already have enough digital disruption to worry about, the blockchain is yet another “game-changing” new technology to cope with. The good news is we believe this technology is much more friend than foe. Because of its security, transparency and potential to dramatically reduce transaction costs, it could usher in a future worth embracing.
This article is an in-depth companion to our article in CEO World found here, and outlines blockchain’s key features in non-technical terms and describes some business use cases happening now. We believe understanding these important concepts will allow executives to envision how they might put blockchains to work in their own companies or industries.
