A look at Blockchain future:
By Irving Wladawsky-Berger:
A collection of observations, news and resources on the changing nature of innovation, technology, leadership, and other subjects.
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July 29, 2019
The Transformative Power of Blockchain
“Blockchain matters because no business operates in isolation,” says Blockchain for Business, a recently published book by Jai Arun, Jerry Cuomo, and Nitin Gaur. “Multiple institutions can achieve more together than any single institution can alone. By implementing business processes that leverage the collective knowledge of the group, processes can be orders of magnitude more cost-efficient. New processes that were not possible before blockchain, can be created. This opens new opportunities and creates competitive advantage for many businesses.”
Since if fist came to light over a decade ago as the public, distributed ledger for the Bitcoin cryptocurrency, people have struggled to understand what blockchain is about and what it’s good for. This is not unusual for potentially transformative technologies in their early stages, as was the case with the Internet in the early-mid 1990s. The key question is whether blockchain has the potential to become a truly transformative technology over time. Most everyone agrees. According to Gartner, the business value-add of blockchain will be more than $176 billion by 2025, and will exceed $3.1 trillion by 2030. .... "
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