Just as the cloud steadily rose to become a must-have for transacting business, the concept of blockchain appears poised to remake business in the coming decade.

Blockchain sounds relatively simple – it's a series of transactions recorded using encryption as a way to validate each piece of information. But it's much more complicated than a sequence of digital transactions. And that sophistication could offer areas like finance, government and law the security they need to ensure transparency, fight fraud and accelerate transactions in the digital space.

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