Blockchain is a system of recording information in a way that makes it difficult to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Blockchain is an opportunity to work with transparency in a trustful and efficient way in your business. Yet, it is still expensive and there are flaws to be fixed for blockchain technology to work as intended. However, start exploring its potential so your company can be a first mover on this exiting technology.
Literature on blockchain:
Tapscott, A & D. 2017. Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World. Penguin Press.