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Newsroom: Industry News

Newsroom: Industry News
21st February 2019

What do manufacturers need to know about blockchain?

Blockchain is built to be secure. Modifying one block modifies them all, which makes tampering very evident. There are ways around this – Laura Jehl, partner at BakerHostetler, said over $1 billion in bitcoin was stolen in 2018. While the blockchain itself is highly secure, the “wallets” used to store the digital currency may not be. However, the speed of transfer and security mean that more and larger companies are trying to organize blockchain for industrial use.

Manufacturing.net

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