The Disruptive Potential of Blockchain in Media and Entertainment

Blockchain is currently one of the most widely discussed and hyped technologies. Many readers are familiar with Blockchain as the underlying enabling technology developed for Bitcoin, a cryptocurrency. Klaus Schwab, founder and executive chairman of the World Economic Forum, provides this summary in his book on the Fourth Industrial Revolution. “In essence, the Blockchain is a shared, programmable, cryptographically secure and therefore trusted ledger which no single user controls and which can be inspected by anyone.” This much is certain that Blockchain has the potential to disrupt existing but also to enable new business models.

Blockchain has the potential to become a powerful disruptive force. A survey of 800 executives, featured in the same book of Klaus Schwab, suggests 58 percent believe that up to 10 percent of global GDP will be stored using Blockchain technology. Blockchain technology may provide several important features that could be leveraged for use in the creative economy. Blockchain is –

• Reliable and available
• Transparent
• Immutable
• Irrevocable
• Digital

You may read my article below published @ CIO Review Magazine, February 2018 (pages-16 &17)...

Refer One more article by Mr. Sunny Dhillon, Partner at Signia Venture Partners

Let’s gets started with this technology and see where it can lead us.