Equifax, one of the largest credit reporting agencies, revealed this month that it was hacked back in May, exposing the personal data of up to 143 million people. The data accessed by hackers contains extremely sensitive information like social security numbers, birth data, consumer's names, driver's license numbers and credit card numbers.

As digital transformation enables rapid change in traditional operations, organizations are finding new and more efficient ways to do business.

Blockchain is one of those things that everyone talks about but no one (myself included) really understands - like bitcoin or the stock market. I do understand, however, that blockchain is all about trust, and that's the reason it's going to revolutionize every industry. It's also the reason it can revolutionize wine markets.

Many shippers were caught off-guard last August when the world's seventh-largest container line suddenly went into receivership. An estimated $14bn in cargo was left in limbo after two-thirds of South Korea-based Hanjin's fleet - some 93 vessels - were seized, stranded or denied entry into ports.

In logistics, the best known blockchain pilot program involved Maersk and IBM. It centered on creating a digital distributed ledger to create a single electronic place where all the myriad documents related to a shipment could be housed.