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Blockchain has generated a lot of headlines over the last few years as many cryptocurrencies have increased in value. It has a vast number of applications though that include trade finance, cyber security and supply-chain management. Blockchain’s business applicability has been described by PwC as a type of next-generation business process improvement software, that can lower the cost of trust between companies. What is it though?
There are lots of definitions of blockchain out there but perhaps the one from Oracle is one of the better ones: