What does blockchain technology mean for you?

Written by Crowdsourcing Week

Jul 9, 2017

In the internet of things, we’re all connected, all the time, to everything. It’s where the world is moving—your home, your car, your phone, your work. It’s like you can make a virtual copy of yourself to do things that would have required your physical presence even just a few years ago.

That change is moving to money, too, and the way businesses record and transfer it. There’s a revolutionary technology that’s serving as the foundation, too. Called blockchain technology, this structure serves as the basis for cryptocurrency systems such as Bitcoin. The idea is that users have a virtual or digital ledger that’s unchangeable and without a single point of failure. It cuts out the middlemen and eliminates human touch points, too. It’s a way of doing businesses that promise speed but has some stumbles in terms of privacy.

What does blockchain technology mean for you? Use this graphic to find out.

what-is-blockchain

how-to-integrate-blockchain-into-your-business

SOURCE: https://blog.appdynamics.com/engineering/beyond-bitcoin-how-enterprises-can-integrate-blockchain-into-business/

 

About Author

About Author

Crowdsourcing Week

Crowdsourcing Week is a global forum committed to educating decision makers on the power of the crowdsourcing ecosystem and the positive impact it can have on the brand and its stakeholders. We catalyze discussion and learning among enterprise-level executives, entrepreneurs, and financiers on best practices in the new crowd-driven era of business.

You may also like

How Crowdsourcing Supports Entrepreneurs

Crowdsourcing supports entrepreneurs by helping them to be more efficient, effective and successful in developing and growing their businesses. It supports entrepreneurship in several valuable ways, including validating and improving an initial idea, generating...

Countries With CBDCs, Or At Least Testing

The issues associated with central bank digital currencies, for good or for worse, are far from a universal one-size-fits all. Different central banks, and their national governments, have a range of different priorities of what they want CBDCs to resolve. The needs...

The Risks and Returns of Crowdfunding

The higher the returns anyone wants from making an investment, the more uncertainty (or risk) they need to expose their money to. This is certainly true in crowdfunding. This article looks at the risks and returns involved in reward, debt and equity crowdfunding, with...

Speak Your Mind

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Time limit is exhausted. Please reload CAPTCHA.

Join Our Global Community

You have Successfully Subscribed!