Canadian writers and researchers, Alex and Don Tapscott, authors of the new book Blockchain Revolution, explain that, “Blockchain, a distributed ledger, is an asset database that can be shared across a network of multiple sites, geographies or institutions. All participants within a network can have their own identical copy of the ledger. Any changes to the ledger are reflected in all copies, similar to a Google doc. On the other hand, a centralized asset ledger, or clearing house, the model currently used by financial services globally,  is a list of transactions that is controlled by a single entity.”

The first chart shows the approach:

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Read more in the full article here. Recommended.

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CTMfile take: This article really demonstrates the potential of block chain and the impact it could have on corporate treasury.