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Is there a role for blockchain in information management?

Is there a role for blockchain in information management?

June 5, 2018

According to Alan Pelz-Sharpe, founder and principal analyst of Deep Analysis—a company based in Nashua, New Hampshire, USA—blockchain, a decentralized, distributed, and public digital ledger—has the potential to play a key role in information management. He believes strongly that Information Management professionals should gain an understanding of blockchain, how it works, and how it can and will be used in the future.

What can blockchain bring to Information Management activities? To begin with, it will remove the intermediaries, by playing a role in everything from records to contract management and beyond. Additionally, it will bring unchangeable data—that cannot be easily distorted to provide different information—and unbreakable digital assurance to business transactions.

Blockchain is already being leveraged for shipping documentation, legal contracts, healthcare records, and land registry records. There are many more benefits waiting to be discovered. Hence, this is the right time to understand blockchain and begin reimagining how it can be leveraged for Information Management.

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