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Blockchain: Disruptor Version 3.0

July 11, 2018 : Permanent Link

(Harvest) With the early-year hype surrounding cryptocurrencies receding, one can take a measured assessment of how digital currency along with its underlying technology – the blockchain – may impact, redefine or even replace existing business models. The answer is potentially a lot .Blockchains can be defined as an “algorithm of trust.” Just as software has introduced efficiencies in other commercial functions, algorithms now stand to do the same with data integrity via blockchain technology. It does so by leveraging encrypted, shared databases to build a ledger that is easy to track and difficult to compromise.

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