What Is ‘Blockchain’ & What Will It Mean For Your Tech Strategy?

Blockchain. This new technology is driving a profound shift in the financial sector, and Humana Chief Executive Officer (CEO) Bruce Broussard recently wrote that it’s “positioned to be the next dramatic innovation in health care” (see Blockchain: Transformational Technology for Health Care).

So what is it, exactly?

A technical explanation would involve throwing around IT jargon like “distributed databases” and “nonce values.” To put it in simpler terms, it’s a virtual ledger that houses connected data nodes, or a “chain of blocks,” that allows multiple parties to exchange sensitive, fixed information and coordinate important processes (such as financial . . .