Typically all of an organization’s data is stored in a centralized cloud database, making it an easy target. Blockchain As A SolutionComputing power coupled with breakthroughs in cryptography and algorithms have led to the creation of distributed ledgers and blockchain technologies. In its simplest form, a distributed ledger is a database held and updated by each participant, also known as a node, in a large network. When a consensus is reached, the blockchain or distributed ledger is updated and all nodes retain a copy of the ledger. At its least, blockchain technology would enable corporations to add a level of unmodifiable transparency to data tracking.

Source: Forbes March 23, 2018 09:20 UTC