While blockchain may have cut its teeth on the cryptocurrency Bitcoin, the distributed electronic ledger technology is quickly making inroads across a variety of industries.

That’s mainly because of its innate and its potential for improving systems  operations all while reducing costs and creating new revenue streams.

David Schatsky, a managing director at consultancy Deloitte LLP, believes ’s diversity speaks to its versatility in addressing needs, but “the impact that will have on businesses in various industries is not yet fully understood.”

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