This week in our 16 Weeks to the Moment of Truth series, we focus on setting up a private archery range. A backyard archery range is a luxury. You can practice at your own pace, save some money on range fees and skip the drive to the local range. At the end of these 16 weeks, the plan is to shoot one shot a day for a week.
A distributed ledger is a digital record of who-owns-what. But unlike traditional database technology, there is no central administrator of the ledger, nor is there a central data store. distributed ledger is a digital record of who-owns-what. But unlike traditional database technology, there is no central administrator of the ledger, nor is there a central data store.
But beyond the financial sector, the report noted blockchain investments are emerging in every major industry, and Microsoft has deployed a cloud-based blockchain-as-a-service. Businesses that deal with slow, costly, or unreliable transactions, or that serve markets with underdeveloped payments systems or a lot of unbanked customers, have good reason to consider distributed ledger technology. Blockchain benefits are reliability, availability, transparency, immutability and irrevocability. Focusing first on the financial sector, the report referenced another report by Santander InnoVentures, a division of Banco Santander, which noted that distributed ledgers eliminate the need for central authorities to certify ownership and clear transactions.