K
Kathleen Martin
Guest
Bitcoin has gone from a niche internet curiosity to a household name that’s made the fortunes of many an investor. Over the last several years, cryptocurrencies and NFTs have stolen headlines, but for the savvy technologist, it’s the blockchain technology underpinning them that’s most interesting.
We’re not going to go into too much detail on the technical specifics of what blockchain is and how it works, but, in brief, a blockchain is a distributed ledger in which every transaction is collectively validated by every node on the network. Entries are permanent and immutable, and the infrastructure itself is completely decentralised.
Blockchain was originally developed to support Bitcoin, and became famous through the rise of cryptocurrencies. However, experts have highlighted many potential uses for blockchain beyond cryptocurrency, including a number of applications in business verticals from property to logistics.
How realistic, though, is the idea of deploying blockchain within a business? Is there a genuine need for this technology, or is it merely a passing gimmick? And how difficult would it be to put the theory into practice? In this month’s IT Pro Panel discussion, we asked our panellists for their insights into just how much of an influence they expect blockchain to have on the future of business.
Continue reading: https://www.itpro.co.uk/technology/blockchain/360997/it-pro-panel-can-you-build-a-business-on-blockchain
We’re not going to go into too much detail on the technical specifics of what blockchain is and how it works, but, in brief, a blockchain is a distributed ledger in which every transaction is collectively validated by every node on the network. Entries are permanent and immutable, and the infrastructure itself is completely decentralised.
Blockchain was originally developed to support Bitcoin, and became famous through the rise of cryptocurrencies. However, experts have highlighted many potential uses for blockchain beyond cryptocurrency, including a number of applications in business verticals from property to logistics.
How realistic, though, is the idea of deploying blockchain within a business? Is there a genuine need for this technology, or is it merely a passing gimmick? And how difficult would it be to put the theory into practice? In this month’s IT Pro Panel discussion, we asked our panellists for their insights into just how much of an influence they expect blockchain to have on the future of business.
Continue reading: https://www.itpro.co.uk/technology/blockchain/360997/it-pro-panel-can-you-build-a-business-on-blockchain
