Tell me how you think Blockchain can get into the mainstream.
How will blockchain technology enter the mainstream?
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Tell me how you think Blockchain can get into the mainstream.
Yash Patel
The security is built into a blockchain system through the distributed timestamping server and peer-to-peer network, and the result is a database that is managed autonomously in a decentralized way. This makes blockchains excellent for recording events — like medical records — transactions, identity management, and proving provenance. It is, essentially, offering the potential of mass disintermediation of trade and transaction processing.
pulab
Technological innovations such as robotics, artificial intelligence, cloud technology and the mobile economy have established themselves very quickly over the last few years in mainstream and have now become a key element of the commercial economy. Blockchain technology offers enormous potential for bringing about radical change in a wide range of industries, business models and operating processes such as payment settlement, banking, securities, etc. There is now recently examples of blockchain application for patients medical records, in cloud computing, etc. so it is very important for companies to understand the impact of these technological advances on their business models so that they can adapt themselves and position themselves to take advantage of this technology.
SatoshiConomy
The entrance of Blockchain Technology into the “mainstream” is happening as we speak. Some industry experts estimate (as of Dec. ’18) that there are upwards of 100,000 individuals employed in the Blockchain Industry globally as coders, developers, or software architects, not to mention those working on 1 or more of the 2,000 plus cryptocurrency-related projects. Interestingly, blockchain technologists can garner some of the highest salaries for skill-related positions.
Fortune 500 companies are integrating blockchain tech to advance, simplify and speed up decades-old processes in corporate infrastucture architecture, which can significantly lower their bottom line and thus increase productivity, innovation and profits.
Noteable examples of blockchain tech integral in mainstream use-cases include almost four-hundred companies as members of The Enterprise Ethereum Alliance from 45+ countries.
Dubai, UAE is moving towards a totally blockchain city by 2020 aimed at improving efficiencies of running a large city where the majority of its residents are non-citizens.
Blockchain tech has been used to create a chain-referencing system within the health-care industry, the automotive industry and real estate -to name a few.
Blockchain Technology is likely the world’s #1 innovative invention as far as impact this decade, and into the next.