Posted In Blockchain Accounting | Posted On 4 September 2019 | Posted By AB Value Team

We wanted to write this blog because of everything that we have been learning and applying about the Opportunities in Blockchain, Big Data and Digital Assets in businesses.

We wanted to share with you some of those highlights and immediate benefits. Not sure if you have heard of all 3, but here are the highlights:

BlockChain - A system in which a record of transactions made in cryptocurrency is maintained across several computers that are linked in a peer-to-peer network.

Some Immediate Benefits:  Accept more payment methods;  Increased efficiency and speed; Reduced Operating Cost;  Improved traceability; and Create smart contracts.

Big Data - extremely large data sets that may be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.

Some Immediate Benefits:  Cost Savings in Operations; Time Reduction; Online Reputation; and Understanding your Market Opportunities.

Digital Asset - There are 3 key elements that make any single file a digital asset. A digital asset must: Be a digital file; Provide value to the company; Be searchable and discoverable (usually with metadata.)

Some Immediate Benefits: Save time with Workflows; Creating Assets for your balance sheet and equity; and Avoiding Copyright issues.

We just wanted to share with you those highlights and also share with you some CFO Basics we put together on how you can plan for your business's future with what we have learned about these technologies. Check out our Emerging Industries Page to see all the content.