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Blockchain is probably not a family group word yet, but in the next decade its affect businesses will rival the transformative capabilities in the Internet. The opportunity uses of blockchain are endless, and for retailers blockchain will probably be revolutionary, write Cognizant’s Steven Skinner and Lata Varghese. Blockchain results in a digital peer-to-peer network that allows direct transactions among users. Its distributed and immutable nature eliminates costly redundancy and enables trust, eliminating the requirement of…

Blockchain is probably not children word yet, but within the next decade its affect businesses will rival the transformative capabilities with the Internet. The opportunity applying blockchain are endless, and for retailers blockchain is going to be revolutionary, write Cognizant’s Steven Skinner and Lata Varghese. Blockchain results in a digital peer-to-peer network so that direct transactions among users. Its distributed and immutable nature eliminates costly redundancy and enables trust, eliminating the necessity for and expense…