“The distributed ledger technology, better known as blockchain, has the potential to eliminate huge amounts of record-keeping, save money and disrupt IT in ways not seen since the internet arrived.” Computerworld, Jan 2018
Earlier this year I delved deep into our crystal ball for 2018 top business trends that you can leverage to drive your business success.
Lots of businesses conduct competitor research. This is a defensive move. Looking at trends is an offensive move. You have the chance to execute before your competitors can, and that just might get you more sales. Or maybe it will make you more efficient or help you become an early adopter for important technology.
You get the idea. Don’t stay in the dark about what’s happening. Instead, take some time to look at these trends.
Today I want to focus you on blockchain technology, a trend we identified for 2018 and beyond. I have encountered this concept more and more — from clients, colleagues and industry news. My goal is to get you thinking on how blockchain technology applies to your industry, your company and your competitiveness.
I have embedded a video on 19 Industries Blockchain Will Disrupt. Are you in one of these industries? How will you leverage this technology within your company?
What is blockchain? The most disruptive tech in decades. Yes, this is Bitcoin but it’s more than that. It’s a completely different way of processing information and Bitcoin is just the tip of the iceberg.
The blockchain is a distributed ledger technology that provides a way to record and transfer data that is transparent, safe, auditable, and resistant to outages. The blockchain has the ability to make the organizations that use it transparent, democratic, decentralized, efficient, and secure. It’s a technology that holds a lot of promise for the future, and it is already disrupting many industries.
And no matter the fate of Bitcoin as a currency, blockchain will be here to stay. This is an excellent primer about how blockchain works and its underlying technology (produced by InvestInBlockchain.com). Also, check out the video below by WIRED.
19 INDUSTRIES BLOCKCHAIN WILL DISRUPT
Shipping. Finance. Healthcare. Intellectual Property. Energy. Real Estate. And many more! Blockchains are being put to a wide variety of uses in multiple industries. This 10 minute video is well worth your time to watch. Get a perspective on how blockchain will apply to and disrupt many different industries, and probably yours. And, a concept that I teach my clients, is that often the most innovative developments within your company often come from industries other than your own!
BEYOND BITCOIN — THE FUTURE OF BLOCKCHAIN
I will conclude with this quote from PC Magazine:
“The change blockchain represents to our digital world is tectonic. Blockchain is broad and coming to the fore. The Web 1.0 was a read-only Internet of static web pages. Web 2.0, where we are now, added dynamic user-generated content and the rise of social media. Web 3.0 has many definitions, but one of the most popular is that of connective intelligence: where the next generation of applications, data, concepts, and people are connected by an unmediated fabric where you don’t need a trust broker like a bank or tech company in the middle to ensure privacy and security. In blockchain, we finally have the technology to power Web 3.0.” PC Magazine, March 2018.
How will you approach blockchain technology? Contact me to discuss how this applies to your company.
All the best
© 2018 David Paul Carter. All rights reserved.
Originally published at David Paul Carter.
19 Industries Blockchain Will Disrupt was originally published in Data Driven Investor on Medium, where people are continuing the conversation by highlighting and responding to this story.