The Meteoric Rise of Blockchain across Industries

The Meteoric Rise of Blockchain across Industries

By Capital Markets CIO Outlook | Friday, November 30, 2018

Technologies in this information age such as IoT, big data, and artificial intelligence have carved a niche in the digital space, but their numerous applications and benefits continue to dwarf to the growing fame of the blockchain technology. Its highly encrypted network of distributed ledgers called blocks is eagerly adopted by startups and several technology giants in their products and operations.

From startup platforms and small agencies all the way to governments, almost everyone wants to capitalize on the hyped blockchain technology Though it started as merely a bitcoin centered market, the technology is quickly becoming one of the world’s largest marketplaces.

Companies are targeting to capitalize on one of the most popularized technologies in the information age, and there is everyday news about renowned stock investors that have ventured in the crypto trading market. Although many market verticals continue to show interest in cryptocurrency and other blockchain-based applications, not everyone is convinced yet and there remain notable critics of the cryptocurrency market.

However, new applications of blockchain, including those that have caught the attention of various governments and multinational corporations, could entirely change the perception people have of cryptocurrencies. Clearly, nearly everyone wants a piece now, and they are carefully looking for options that would help them capitalize massively on this disruptive force of technology.

See Also: CIO Review Magazine | Parallels

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