K
Kathleen Martin
Guest
There are multiple aspects of Blockchain — from business to technical and more — but with the way the industry is exploding, it’s really hard to get it right.
It’s best to divide the blockchain topic into two main buckets in order to understand the development of the ecosystem and the key benefits and innovations it provides. One is cryptocurrency, where we cover industries like financial services, insurance and capital markets, including deals via private equity and venture capital. Then we look into the enterprise world, which is about how we apply blockchain as a technology in different industries.
Enterprise blockchain
Last year, we published our “Time for Trust” report, which covers the top five use cases for blockchain technology: provenance, payments and financial instruments, identity, contracts and dispute resolution, and customer engagement. These use cases will have a significant impact on the GDP of a country and the global economy.
The number-one use case is traceability, or provenance. In the future, with the decentralized technological revolution and evolution, you will need to understand and provide full transparency for your consumers. For example, if you are buying medicine for cancer, which is very high priced, you will need to know that it’s authentic, not fake. And this is where we have a technological solution that is enabled by blockchain technology. It is the same with buying haute couture expensive clothes, cars, etc. Consumers who are paying a lot of money must be sure that they are buying authentic items, which is why those supply chains could constitute a killer use case for blockchain — especially in the next decade.
Continue reading: https://www.technologytimes.pk/2021/08/28/blockchain-has-power-to-change-the-world/
It’s best to divide the blockchain topic into two main buckets in order to understand the development of the ecosystem and the key benefits and innovations it provides. One is cryptocurrency, where we cover industries like financial services, insurance and capital markets, including deals via private equity and venture capital. Then we look into the enterprise world, which is about how we apply blockchain as a technology in different industries.
Enterprise blockchain
Last year, we published our “Time for Trust” report, which covers the top five use cases for blockchain technology: provenance, payments and financial instruments, identity, contracts and dispute resolution, and customer engagement. These use cases will have a significant impact on the GDP of a country and the global economy.
The number-one use case is traceability, or provenance. In the future, with the decentralized technological revolution and evolution, you will need to understand and provide full transparency for your consumers. For example, if you are buying medicine for cancer, which is very high priced, you will need to know that it’s authentic, not fake. And this is where we have a technological solution that is enabled by blockchain technology. It is the same with buying haute couture expensive clothes, cars, etc. Consumers who are paying a lot of money must be sure that they are buying authentic items, which is why those supply chains could constitute a killer use case for blockchain — especially in the next decade.
Continue reading: https://www.technologytimes.pk/2021/08/28/blockchain-has-power-to-change-the-world/
