Top 8 Blockchain Trends Enabling Technology, Energy, and Finance Disruption
December 22nd, 2016
Peter Borovykh, author of Blockchain: Applications in Finance, discussed the blockchain in depth with Digital NYC tech publication.
"The business world is still trying to figure out the best uses of blockchain. Despite relative popularity in the press, the examples of potential cases for blockchain integration are limited at best currently. In order to create more blockchain opportunities, we need to look at what blockchain is and what industries can be most affected by it."
At its simplest, a blockchain is a decentralized network of "blocks" or nodes that are unalterable, secure, and transparent. Information stored on the blockchain therefor does not require a middleman to confirm authenticity with each and every transaction. It's easy to see how this could be of massive benefit to every industry, finance, supply chain, and healthcare in particular, though this could also apply to insurance, voting, energy... the potential is limitless.
Without a doubt blockchain technology isn't going anywhere and early innovators of the technology are poised to dominate their fields.