Blockchain increases trust, security, transparency, and the traceability of data shared across a business network — and delivers cost savings with new efficiencies. Blockchain for business uses a shared and immutable ledger that can only be accessed by members with permission.
The blockchain market is expected to reach USD 176 Billion by 2025 and in 2022, global spending on blockchain solutions will be worth USD 11.7 billion, demonstrating a growing need for blockchain applications
The goal of blockchain is to allow digital information to be recorded and distributed, but not edited. In this way, a blockchain is the foundation for immutable ledgers, or records of transactions that cannot be altered, deleted, or destroyed.