Reading notes from article by RACHEL WOLFSON published on Cointelegraph.
Cross-company data-sharing using blockchain as the mechanism.
Blockchain doesn’t have to be a complicated, long-time project. That being said, we are mainly working on blockchain becoming the fundamental component of our hybrid cloud platform for collaboration and trust.
What blockchain uniquely provides is its ability for people to integrate and manage workflows that go outside of company boundaries.
Blockchain turns out to be a fast way to integrate business data, while using smart contracts for automation of workflows.
It creates the capability for collaboration and trust when organizations are dealing with multiple parties.
Private networks allow people to have visibility for the data they require yet still have a good degree of trust.
Atea ASA, an IT infrastructure provider for the Nordic and Baltic regions is using the IBM Blockchain network to connect seafood farmers with processors and retailers.
We are talking to people from the financial services world and supply chain sector where the word “blockchain” doesn’t even come up.
All these organizations care about is provenance, track and trace, and dispute resolution.
Basically, any place where there are multibank settlements and connections is where blockchain can be applied. We are also starting to see more experimentation and work with central banks looking to implement a digital currency.
There will be a lot of work needing to be done as these networks go from experimentation to fully functional. Organizations will have to figure out how to govern blockchain networks, how to audit them and how to talk to regulators.
https://cointelegraph.com/news/ibm-executive-says-blockchain-becoming-a-useful-real-business-tool