For Enterprises, Privacy Is the Critical Blockchain Feature

Our early experience with partners like Microsoft tells us that we can cut the cycle-time required to handle documents by more than 90% on a blockchain and the cost of administration by around 50%. Unfortunately, without strong privacy, none of this is going to get widespread adoption. If a company were to implement these processes today, their competition would instantly be able to see how much it was producing, how much it was buying in raw materials, its key sales markets, and even the prices paid all along the supply chain. Data points like these are often among a company’s most closely guarded secrets.