Blockchain: Disruptive Innovation for Defence Transformation

The opportunities for Blockchain technology to transform defense capabilities. Introduction Blockchain is regarded by some technologists as the most important invention since the internet. On the other hand, many cynical observers think that Blockchain is a solution in search of a problem. However, its enthusiastic supporters think that it’s a technology capable of resolving many commercial issues such as transaction friction, data security and governance. Blockchain is a shared, distributed ledger that facilitates the process of recording transactions and tracking assets in a business network. Virtually any tangible asset such as houses or cars, or intangible such as patents and…...