Why is it critical for your enterprise to understand Blockchain technology and how it will impact your business?
Rishi Khanna
CEO - Find PMF ??Accelerate Innovation, Digital Product & AI Data Strategy | Scale Dev | Remote Teams | CIO CTO CMO CPO CDO YC Founder Startup Advisor | LinkedIn Top Voice | Investor | Speaker | Life Coach | Stoic Leader
Everyone seems to be talking about the blockchain technology. As a future forward enterprise, you must be a step ahead to standardize the technology, platform and resources so that you may embrace blockchain before your competitors.
There are several World Leaders who see a lot of potential in Blockchain, the open, shared and ledger platform. It can enable private and public enterprises to share information, assets and digital contracts with others in a secure and selective manner. If blockchain continues to grow, and it grows to be most trustful and reputable, it can replace credit agencies and intermediaries in the financial world. It is believed that blockchain will be able to tackle the data specific challenges that have been caused due to yesteryears’ technology, big data.
If we stick to the definition as per Wikipedia, blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography.
If we go by the numbers, Blockchain will expand for more than 40% by 2020. At the end of 2017, the size of the cryptocurrency stood at 600 billion. Blockchain related jobs are on the rise and the global spending on the next gen technology is growing multi-fold. There have been more than 2000 listed Blockchain startups and there are many more expected in the future.
To read the full article, please visit: https://www.ishir.com/blog/6048/critical-enterprise-understand-blockchain-technology-will-impact-business.htm
President @ Captain Hook Austin | Integrator, Executive Management, Growth Management
6 年Removing the oligopoly of credit reporting agencies would be great, but as hard as they are to work with, there's still accountability when transactions are recorded erroneously. It makes you wonder how erroneous data will be handled in the blockchain future.