Connect with us

Hi, what are you looking for?


Bitcoin was just the beginning of the imminent blockchain era

Mention “blockchain”, and most people still immediately thin..

Mention “blockchain”, and most people still immediately think of bitcoin – or ethereum, or ripple, or other cryptocurrencies.

Thats not surprising, given that bitcoin was the first expression of blockchain technology.

As the values of cryptocurrencies have soared and fallen, speculation has risen that the “bitcoin bubble” is about to burst. However, it is the blockchain technology which underpins cryptocurrencies that has the potential to have the most profound impact, and which is staking a claim as being the most talked about disruptor at London Tech Week, especially today.

Read more: A match made in blockchain? The case for bitmarriage

Blockchain is digital ledger, an interdependent, interlocked system of records which, cryptographically sealed, are immutable and highly resistant to fraud.

The technology was developed to get around some of the problems that had previously stopped cryptocurrencies getting off the ground, namely how to prevent digital money being copied or spent more than once. Fundamentally, it permits robust transactions that can be verified without the need for an authorising third party, such as a bank.

And while it might have started with currency, that is by no means where the power of this technology ends.

Internet of things

As connected devices – from cars to TVs to fridges – become more popular, the volume and speed of retail transactions via these products will inevitably mushroom. Blockchain provides not only the framework to enable these transactions to take place securely, but also the computing power to handle vast quantities of real-time purchases which traditional digital payment systems will struggle to cope with. It can also be used to secure the immense amount of personal data that these devices will hold about our lives.

Supply chains

Further down the retail pipeline, blockchain enables companies to monitor the movement of goods across a supply chain. This not only builds in the ability to improve product standards – for example, by being able to track provenance, or to pinpoint where safety checks may have been missed – but also to streamline and safeguard the payments process for suppliers and contractors.

Intellectual Property

Blockchain can also take the notion of supply chain protection one step further, right back to the progenitor, ensuring that creators, contributors and rights-owners are embodied in their works. This is particularly critical for the creative industries. For example, the music sector has faced challenges over ensuring that rights-owners arent cut out of the value chain in the era of digital streaming.

Now artists (notably singer-songwriter Imogen Heap) are increasingly turning to blockchain technology to create and safeguard value for rights-holders, while providing listeners unlimited digital access to songs on-demand across infinite platforms.

Professional services

One of the key factors that enables blockchain to provide these sorts of solutions is the use of so-called “smart contracts”, by which a transaction is processed due to the automatic fulfilment of certain conditions. From accounting and audit tasks, to legal contracts, to property transactions (the first property bought on blockchain was a $60,000 flat in Ukraine in 2017), blockchain has the potential to streamline and secure many of the most complex matters that professional services firms have to deal with.

It is difficult to imagine an industry which isnt likely to be disrupted by blockchain in the near future. Imagine a healthcare service with a blockchain-based record keeping system enabling faster, more secure access to patient histories, or an e-voting system which breaks the back of electoral fraud.

Watch this space. Bitcoin was just the beginning.

Read more: Blockchain to form a supergroup with the music industry

1 Comment

1 Comment

  1. สถิติ หวยฮานอย

    January 18, 2022 at 9:46 pm

    I’m pretty pleased to uncover this page. I need to to thank
    you for your time for this particularly fantastic
    read!! I definitely really liked every little bit of it and I have you saved as a favorite to see new
    things on your web site.

    May I simply just say what a relief to uncover an individual who really understands
    what they’re talking about online. You actually understand
    how to bring a problem to light and make it important.

    More and more people ought to check this out and understand
    this side of your story. I was surprised you aren’t more popular because you surely have the gift.

    Very good blog post. I definitely love this website.

    It’s difficult to find knowledgeable people in this particular topic, but you seem like you
    know what you’re talking about! Thanks

    You ought to take part in a contest for one of the finest blogs on the internet.
    I’m going to highly recommend this web site!

    A fascinating discussion is worth comment. There’s no doubt
    that that you ought to write more on this issue, it may not be a
    taboo subject but typically folks don’t speak about these topics.
    To the next! Kind regards!!

    Hi! I simply want to offer you a big thumbs up for the great information you’ve got here on this post.
    I will be returning to your web site for more soon.

    After I initially left a comment I appear to have clicked the -Notify
    me when new comments are added- checkbox and now
    whenever a comment is added I recieve four emails with the same comment.
    There has to be a means you are able to remove me from that service?

    Many thanks!

    The very next time I read a blog, I hope that it doesn’t disappoint me just as much as this particular one.
    I mean, Yes, it was my choice to read, however I truly believed you would probably have something interesting to talk
    about. All I hear is a bunch of whining about something
    that you could possibly fix if you weren’t too busy seeking attention.

    Spot on with this write-up, I honestly believe this amazing
    site needs a great deal more attention. I’ll probably be returning to read through
    more, thanks for the advice!

    You’re so interesting! I do not think I’ve read something like this before.
    So nice to discover somebody with a few unique thoughts on this topic.
    Really.. thanks for starting this up. This web site
    is one thing that is required on the internet, someone with
    a bit of originality!

    I quite like reading an article that will make people think.
    Also, thanks for permitting me to comment!

    This is the perfect web site for anybody who wants to find out about this topic.
    You understand so much its almost hard to argue with
    you (not that I really will need to…HaHa). You certainly put a fresh spin on a subject which has been written about for many years.
    Great stuff, just wonderful!

    Aw, this was a really good post. Spending some time and actual effort to produce a top notch article… but what can I say… I put things off a lot and don’t seem to get
    anything done.

    I’m impressed, I must say. Seldom do I come across a
    blog that’s both educative and amusing, and without a
    doubt, you have hit the nail on the head. The problem is
    something which not enough people are speaking intelligently
    about. Now i’m very happy that I came across this in my hunt for
    something concerning this.

    Oh my goodness! Incredible article dude! Many thanks,
    However I am encountering difficulties with your RSS.
    I don’t understand the reason why I cannot subscribe to
    it. Is there anybody having identical RSS issues? Anyone
    that knows the solution can you kindly respond?

    An impressive share! I’ve just forwarded this
    onto a co-worker who had been conducting a little research on this.

    And he actually bought me lunch due to the fact that I discovered it for
    him… lol. So allow me to reword this…. Thank YOU
    for the meal!! But yeah, thanks for spending time to discuss this
    subject here on your website.

    After looking over a number of the articles on your site, I really like your technique of blogging.

    I added it to my bookmark webpage list and will be checking back in the near future.
    Please visit my web site too and tell me your opinion.

    This site definitely has all the info I wanted concerning this subject and didn’t know
    who to ask.

    There is definately a great deal to know about this subject.
    I really like all of the points you’ve made.

    You have made some decent points there. I looked on the web to find out more about the
    issue and found most individuals will go along with your views on this web site.

    Nice post. I learn something totally new and challenging on sites I stumbleupon everyday.

    It will always be helpful to read through content from other writers and practice a little something from their sites.

    I blog often and I truly appreciate your information. The article has really peaked my interest.
    I am going to bookmark your website and keep checking for new information about once per week.
    I subscribed to your Feed as well.

    Pretty! This has been a really wonderful post. Thanks for supplying this information.

    Greetings! Very helpful advice within this article!
    It’s the little changes that produce the most significant changes.
    Many thanks for sharing!

    Hi there! This blog post could not be written much better!
    Looking through this article reminds me of my previous roommate!

    He always kept preaching about this. I’ll forward this post to him.
    Fairly certain he’s going to have a great read. I appreciate you for sharing!

    Hello, I do believe your site could possibly be having browser
    compatibility problems. Whenever I take a look at your site in Safari, it looks fine however,
    if opening in IE, it’s got some overlapping issues.
    I simply wanted to provide you with a quick heads up!
    Other than that, wonderful blog!

    Having read this I thought it was rather enlightening. I appreciate you spending some time and effort to
    put this article together. I once again find myself spending way too
    much time both reading and posting comments.
    But so what, it was still worth it!

    Hello! I could have sworn I’ve visited your blog before
    but after going through some of the posts I realized it’s new to me.
    Nonetheless, I’m certainly pleased I found it and I’ll be book-marking it and checking back regularly!

    I needed to thank you for this good read!! I definitely loved
    every little bit of it. I’ve got you book marked to look at
    new things you post…

    Hi, I do believe this is an excellent website. I stumbledupon it 😉 I am going to come back once again since i have bookmarked it.
    Money and freedom is the greatest way to change, may you be rich and continue
    to guide other people.

    Your style is really unique compared to other people I have read
    stuff from. Thanks for posting when you have the opportunity,
    Guess I will just book mark this blog.

    I was able to find good advice from your content.

    Great post! We are linking to this particularly
    great post on our website. Keep up the good writing.

    This is a great tip particularly to those new to the blogosphere.

    Simple but very precise info… Many thanks for sharing this one.
    A must read article!

    I couldn’t resist commenting. Perfectly written!

    Saved as a favorite, I love your website!

    Very good post. I am facing many of these issues as well..

    Way cool! Some very valid points! I appreciate you writing this article and the rest of the
    website is really good.

    Excellent blog you’ve got here.. It’s difficult to find high-quality writing like yours nowadays.
    I seriously appreciate individuals like you!
    Take care!!

    This is a topic that is near to my heart… Best wishes! Where are
    your contact details though?

    I absolutely love your website.. Excellent colors & theme.
    Did you make this web site yourself? Please reply back as I’m planning to create my own site
    and want to find out where you got this from or exactly what the theme is named.

    I really like it whenever people come together and share thoughts.
    Great blog, keep it up!

    Good info. Lucky me I recently found your blog by accident (stumbleupon).
    I have book-marked it for later!

    This site was… how do I say it? Relevant!! Finally I’ve found something that helped me.

    Everything is very open with a clear clarification of the issues.
    It was truly informative. Your website is useful. Many thanks
    for sharing!

    I must thank you for the efforts you’ve put in penning this website.
    I really hope to view the same high-grade content from you in the future as well.
    In fact, your creative writing abilities has inspired me to
    get my own website now 😉

    Look into my blog post :: สถิติ หวยฮานอย

Leave a Reply

Your email address will not be published.