Blockchain technology was unleashed on the world by way of an anonymously published white paper in 2008. The pseudonymous author, Satoshi Nakamoto, did not use the term blockchain in the paper on peer-to-peer electronic cash systems, but the clever code that enabled distributed ledger technology traces its roots to these humble beginnings.
Blockchain can most quickly be understood by contemplating this quote from Sally Davies of the Financial Times, “Blockchain is to Bitcoin what the internet is to email – a big electronic system on top of which you can build applications.” Cryptocurrencies are but one of many applications for blockchain technology. Almost any industry with B2B or B2C transactions that utilizes third- party entities as trusted intermediaries can be made more efficient with blockchain technology.
While cryptocurrency remains mired in what some commentators have dubbed the crypto-winter, distributed ledger technology, hereafter referred to as blockchain technology, is poised to disrupt a variety of industries.
Blockchain has myriad limitations and is by no means a panacea, but here are the top three most compelling use cases (other than cryptocurrency/fintech):
Continue reading: https://www.bizjournals.com/dallas/news/2022/03/01/3-industries-blockchain-will-revolutionize-in-2022.html
Blockchain can most quickly be understood by contemplating this quote from Sally Davies of the Financial Times, “Blockchain is to Bitcoin what the internet is to email – a big electronic system on top of which you can build applications.” Cryptocurrencies are but one of many applications for blockchain technology. Almost any industry with B2B or B2C transactions that utilizes third- party entities as trusted intermediaries can be made more efficient with blockchain technology.
While cryptocurrency remains mired in what some commentators have dubbed the crypto-winter, distributed ledger technology, hereafter referred to as blockchain technology, is poised to disrupt a variety of industries.
Blockchain has myriad limitations and is by no means a panacea, but here are the top three most compelling use cases (other than cryptocurrency/fintech):
Continue reading: https://www.bizjournals.com/dallas/news/2022/03/01/3-industries-blockchain-will-revolutionize-in-2022.html
