This e-book is an actionable summary of how A/R teams in B2B companies could leverage blockchain to transform their business processes
As evident from the name, blockchain is a chain of blocks, where each block consists of transaction data and is connected to its previous block. Blockchain as a technology operates on two fundamental concepts:
It is a shared, distributed ledger that facilitates the process of recording transactions and tracking cash flow in a business network. Through this ledger, an immutable record of all transactions is present on the blockchain for all participants to access.
It is a set of computer instruction (code) that all the participants must agree. This code acts as a trigger which on successful validation of data, is converted into a block and written into the blockchain.
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