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BLOCKCHAIN & AUTOMATION IN BUSINESS

NBAI on 26th March conducted a small seminar on the work shop on Blockchain & Automation in Business in MTR office ,Bengaluru . The seminar was presented by Mr  Kamalanand N ,who is Partner Intelligent Automation, Ernst & Young, Bengaluru.

Mr Kamalanand explained how the digital business automation to implement blockchain.Business process management (BPM) streamlines processes within an organization where trust is prevalent. Transactions are more secure: The blockchain is both distributed across multiple systems and immutable, which means that no one can alter the blockchain alone.Increased data integrity.  Blockchain networks are self-auditing, since the network verifies the data every ten minutes. All parties are immediately made aware of changes and can access the data history.

Increased transparency and accessibility: How all records in the blockchain are shared and publicly accessible among all nodes in the network.