Gain a better understanding of a burgeoning system that stands to transform financial transactions and data storage from a leading entrepreneur in the blockchain space.
Regardless of your opinion on the value of Bitcoin, the technology behind it, blockchain/token economics, stands to have a major impact on how data is handled and how future financial transactions are made. Blockchain technology has thus far garnered most of its attention in the financial sector, where it is being used to automate loan approval, among other time-intensive processes. Many futurists and business analysts say it has the potential to disrupt virtually every other third-party broker industry; from real estate, the legal profession and insurance to recruitment. In addition to financial transactions, the blockchain or distributed ledger system, has vast potential in data handling and storage as it is deemed to significantly increase security. By storing information across a network of computers, the task of compromising data becomes much more difficult for hackers. That has the attention of all industries - and it should be duly noted by market research and data analytics.