Fast forward: Rethinking enterprises,ecosystems and economies with blockchains

Distributed ledgers like blockchains are shared and write business transactions to an unbreakable chain that is a permanent record, viewable by the parties in a transaction. Blockchains shift the lens from information held by an individual owner to the cross-entity history of an asset or transaction. This research shows that once that happens, five attributes that are fundamental to blockchains have the potential to vaporize the frictions that hold us back today. The authors analysis on the impact of blockchains across the enterprise, ecosystems and economies shows that frictions can be greatly reduced or even eliminated, leading to a new economic equation for organizations, trust and value exchange.