Could blockchain play a major role in cyber security and risk management efforts at organizations? The jury is still out. But it’s clear that blockchain—defined as a “single version of the truth” made possible by an immutable and secure time-stamped ledger—continues to garner interest among businesses in a variety of industries.
With blockchain, data is secured through cryptography and all new transactions are linked to previous ones, which renders it nearly impossible for someone to change older records without first having to alter subsequent ones.
Enterprises are beginning to look to blockchain as an important tool for ensuring data privacy, according to a recent report from global consulting firm Globant. The study, 2019 Blockchain Technology Business Guide, is based on a survey of more than 650 U.S.-based senior-level marketing, IT, and operations decision-makers.
The report shows that organizations are eager to invest in blockchain tools to improve their internal operations. Decision makers cite the ability to easily and securely record and share digital information as the technology capability most useful in helping them pursue greater internal growth.
The…
