How to Perform Blockchain Master Data Management? [Video]

Interested in how you can take master data management to the next level with blockchain technology? This is a very interesting topic that we will cover here.

In this article

1. Why Should Blockchain Matter Vis-à-Vis Master Data Management (MDM)?
2. How Can Blockchain Help Implement Master Data Management Program?
3. Important Considerations for Using Blockchain to Power a Master Data Management Solution
4. Frequently Asked Questions on Master Data Management

Why Should Blockchain Matter Vis-à-Vis Master Data Management (MDM)?

Why would you consider blockchain as a solution to MDM implementation challenges? Before I answer this question, let‘s quickly understand what blockchain is. This promising technology has the following features:

• It‘s a decentralized, peer-to-peer (P2P) network, and anyone can join a public blockchain network whereas private blockchains allow only trusted parties to join.
• Computers on this network are called ’nodes‘, and each node has a complete transaction history. Since each node is a complete ledger, blockchain is often referred to as the “Distributed Ledger Technology” (DLT). A cybercriminal can‘t shut this network down by taking …