SSON Glossary: Blockchain
Bob Celeste the founder of The Center For Supply Chain Studies (C4SCS) defines it as ‘a continuously growing list of records, called blocks, which are linked and secured using cryptography.’ This network usually peer-to-peer managed and follows set rules when validating new data block.
The distribution of data is secure and a data transaction is conducted at a minor fee. Data governance rules are enforced to preserve integrity when inputting or retrieving information. After input, data and program modification or removal is usually impossible.
These attributes provide all users with a consistent view of the ledger in its latest state.
SSON Report on Blockchain 2019
April 17 by SSON Industry Reports
The What, Why, How and When of this newly emerging technology
Blockchain in Shared Services
April 01 by Barbara Hodge
This article explains what blockchain technology can do for your shared service organization
Matching Blockchain to Business Process: A 7-Point Framework (Webinar & Guide)
March 01 by SSON Industry Reports
Not every business process is an ideal fit for blockchain technology. In this webinar, NelsonHall analyst David Mayer presents a seven-point framework for assessing blockchain goodness of fit for key...
How is Blockchain Relevant for Shared Services Today?
August 21 by Barbara Hodge
Just a year ago, we were promoting Shared Services as primarily a proof of concept for Blockchain. Today, we are seeing a lot further.
Chaining Intercompany Netting via Blockchain
August 20 by Abhishek Kishore Gupta
As organizations evolve, we see increasing transactions inter-businesses, which incur cost and effort. Blockchain offers a solution for eliminating this via tokens and 'netting out' with fewer transac...
