Breakfast Briefing: The Disruptive Impact of the Blockchain
The blockchain’s ability to record data such as transactions, contracts and agreements and have them verified by users of the distributed ledger means that the technology has the potential to disrupt in a range of industries such as financial services, telecoms, legal, manufacturing, and transportation.
The financial services industry is expected to be profoundly impacted by the blockchain given its ability to speed up transactions and lower their costs. The Internet of Things could also establish a key role for the blockchain; a distributed ledger could be used to manage the big data associated with the IoT. Furthermore, the blockchain’s distributed nature makes it difficult to hack so it could provide the security and transparency that the IoT needs.
Join this breakfast briefing to learn about the blockchain’s potential impact across industries and its implications for privacy and security.