Blockchain is a digital peer-to-peer asset transaction exchange, shared among a distributed network of computers that can help increase the speed of completion or settlement and improve security.

It has the potential to streamline and accelerate your business processes, increase protection against cybersecurity and reduce or eliminate the roles of intermediaries.

EY believes that blockchain will do for networks of companies and business ecosystems what enterprise resource planning (ERP) did for the single enterprise: enable a shared understanding of business operations and common processes across enterprises.

Some benefits of leveraging this technology include reduced procurement costs, lower inventory levels, accelerated business process execution and lower administrative costs.

Use our insights to learn more about how blockchain could help your organization.