The internet has changed the way information is shared across platforms and blockchain is changing the we transact. Blockchain technology is amongst one of the most disruptive technology globally. Various industries are adopting the use of blockchain technology for innovation and to gain a competitive advantage.

The exponential growth of technology encompasses a variety of new emerging technologies, and BDO takes a proactive approach to exploring new business cases and technologies, helping clients navigate this new terrain.

Blockchain is a distributed ledger containing transactions, digital records or events that is replicated across several computers that are assembled in a peer to peer network. It was originally intended to timestamp digital documents so that it is not possible to backdate them or tamper with them. Blockchain Technology has started being applied to various industry sectors such as in real estate, agriculture, supply chain and financial sectors.

Blockchain technology possesses key attributes, such as decentralization, transparency and immutability. Even though blockchain provides a solution for most tradition technology risk as a new technology its introduces new risk to the market. Blockchain it being so different to traditional technology brings a new challenge to organizations on how to best apply it, employ and harnessing the value that blockchain technology brings.

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Blockchain Technology Assurance

The internet has changed the way information is shared across platforms and blockchain is changing the we transact. Blockchain technology is amongst one of the most disruptive technology globally. Various industries are adopting the use of blockchain technology for innovation and to gain a competitive advantage.

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