A blockchain is simply a network of computer systems that duplicates and distributes a digital ledger of transactions across the entire network. A blockchain serves as an electronic database for storing data in digital form. The most well-known use of blockchain technology is for preserving a secure and decentralized record of transactions in cryptocurrency systems like Bitcoin. Making it difficult or impossible to alter, hack, or cheat the system is feasible with blockchain technology.
With an MBA in blockchain management, businesses may leverage external resources just as easily as internal ones and save out transaction expenses. There are several ramifications for fields including accounting, contract drafting and enforcement, sales and marketing, and capital investment.