Travel and Hospitality: Adapting to the “Next Normal” with Blockchain Technology

The following analysis is grounded in the central themes of Deloitte’s assessment with a focus on how blockchain and distributed ledger technologies (DLTs) can reduce friction and increase transparency, ultimately improving trust in a trustless environment.

How Decentralization Can Benefit Your Business: Evaluating Bitcoin, Hyperledger, Algorand, and Elixxir

Centralized services like Facebook, Microsoft, and Yahoo keep all your eggs in one basket. This means that bad actors only need to attack one weak link to compromise all your data. And there are many ways to do it, including DDoS, Man-in-the-Middle, and credential stealing to name a few. Decentralized services keep your data safe and secure by distributing it across many redundant servers with cutting-edge cryptography that ensures your data is complete, immutable, and incorruptible. Of course, there are many degrees of decentralization. In this article, we explore the varieties of decentralization, their history and evolution, and the benefits each decentralized consensus algorithm has to offer your business, NGO, or non-profit.