The Primary Sector and Sustainable Trading with Blockchain

Few technologies have generated as much hype and excitement as blockchain. Despite being barely over a decade old, blockchain and distributed ledger technology have already been identified as one of the most disruptive technological advances of the 21st century. Organisations are beginning to see real value from the technology. As we’ll see in examples of NTT DATA’s work throughout this eBook, some of the most exciting projects in blockchain are those that work across borders and support the sustainable agenda. Jorge Lesmes, Global Head of NTT DATA EMEAL Blockchain Banking Practice identified three criteria for the successful application of blockchain technology: There are multiple...

Few technologies have generated as much hype and excitement as blockchain. Despite being barely over a decade old, blockchain and distributed ledger technology have already been identified as one of the most disruptive technological advances of the 21st century.

Organisations are beginning to see real value from the technology. As we’ll see in examples of NTT DATA’s work throughout this eBook, some of the most exciting projects in blockchain are those that work across borders and support the sustainable agenda. Jorge Lesmes, Global Head of NTT DATA EMEAL Blockchain Banking Practice identified three criteria for the successful application of blockchain technology:

  • There are multiple parties who are involved in a process
  • There is a lack of trust (or potential lack of trust) between counterparties in a process
  • There is opacity within a given process
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