Blockchain is a transparent and verifiable system that would change the way people think about exchanging value and assets, enforcing contracts, and sharing data. This technology is a shared, secure ledger of transactions distributed among a network of computers, rather than resting with a single provider. Businesses are using blockchain as a common data layer to enable a new class of applications. With blockchain, business processes and data can be shared across multiple organizations, which in turn eliminates waste, reduces the risk of fraud, and creates new revenue streams.
In the simplest term, blockchain denotes an unalterable digital ledger system. One notable feature of blockchain technology is its distributed implementation manner. It initially originated from Bitcoin, which has now demonstrated its potential in numerous domains.
# Businesses are doing much more with blockchain
- Blockchain is transforming the financial services industry
- Blockchain can create smarter, more efficient supply chains
- Blockchain is redefining digital identities and data exchange
# Why use blockchain on Azure?
- Simplify development
Cut development time and experiment easily with modular, pre-configured networks and infrastructure.
- Get up and running quickly
Iterate and validate blockchain scenarios quickly by using built-in connections to Azure and tools you’re already familiar with.
- Innovate with confidence
Keep your data secure and scale when you need to with an open, trusted, globally available cloud platform.