Is blockchain the future?

We are beginning to understand what a blockchain is, but how can we best use this technology within our business? Its like Beanie Babies and Dutch tulips at this point.

Or is it just a fad?

As digitization has changed the game for all industry sectors, distributed ledger technology, also known as blockchain, has emerged as a hot topic. Many have likened the recent blockchain boom to the dot-com bubble of the 1990s which is a fair comparison.

Beyond Bitcoin: How blockchain will reshape the future Digital Trends

Late last year, on October 26th, a small.K. It has the potential to create new foundations for our economic and social systems.

The Problems With Bitcoin And The Future Of Blockchain - Forbes

Cross-Border Payments, traditionally, the transfer of value has been both expensive and slow, according to a report by Deloitte, and especially for payments taking place across international borders. This mechanism could just as easily be applied to other types of verification procedures, including identity verification and many other applications as well. Blockchain creates a secure, unalterable public record and is poised to dramatically improve the world around you, from voting systems to rental contracts. In this series we describe 5 blockchain use cases, such as smart contracts, identity management and share trading.

Forget Bitcoin: Blockchain is the Future Investopedia

When conditions are met, smart contracts can be entirely self-executing and self-enforcing. The report is centered on use case deep-dives that consider how distributed ledger technology could benefit each scenario. Indeed, while typical money remittance costs might be as high as 20 of the transfer amount, blockchain may allow for costs as low as 2, as well as guaranteed and real-time transaction processing speeds. smart Contracts, smart contracts are often seen as a highly powerful application of blockchain technology.