Blockchain in real life
Blockchain can close the trust gap with technology, but it needs to overcome its own reputational issues first.
17 November 2021
The internet ushered in a new era in the global exchange of information, making it far easier for everyone to transact and do business. The question became, how do we close the trust gap? The answer: blockchain.
Because of its immutability, blockchain holds the promise of verifying that no party to any transaction can misrepresent itself to the other. As such, the question of whether blockchain can disrupt our traditional financial system is no longer the one we should be asking. Now it’s a matter of to what extent – especially if we consider IDC predicts that by 2022, worldwide spending on blockchain solutions will reach $11.7 billion and the global blockchain technology market is estimated to generate $20 billion in revenue by 2024. Moreover, according to Gartner, blockchain only comes second to artificial intelligence and machine learning as the most disruptive technologies in recent times.
ITWeb Premium
Get 3 months of unlimited access
No credit card. No obligation.
CIO DIRECTORY 2021
The definitive guide to South Africa's leading technology decision-makers, the CIO Directory recognises the achievements of local CIOs and provides an insight into what's top of mind and their strategic 'to do' lists.
CISO DIRECTORY 2021
The Covid-19 pandemic has made people acutely aware of external threats to their normal work and home life. Many professionals have been forced to work from home offices.
BRAINSTORM APR 2022
BRAINSTORM DIGITAL EDITION