After years of discussion and planning, enterprise blockchain is now becoming a reality across industries as diverse as insurance, healthcare, gold, oil and gas, finance and more.
However, when you raise your attention to the level of industries and markets, you see an entirely different scenario.
This is what we at R3 believe is the potential of the application of blockchain technology to business.
Now, thanks to enterprise blockchain technology, entire markets are in the process of being transformed and it’s happening without forcing new intermediaries into the mix or driving these riotously decentralized markets into inappropriate centralized models.
Blockchain is decentralized software for today’s markets, and over the next decade, it will become the new normal in industries across the globe.
Lufthansa, the biggest airline in Germany and Europe, and, one of the biggest airlines in the world want to tap into the world of blockchain. Rightly so too. The automotive industry, the shipping industry and most other logistic industries are tapping into blockchain technology yet as it stands, no major airlines seem to be developing plans to explore the blockchain, on a public level at least.
As the crypto market continues to meld into the realm of traditional finance, the Chartered Financial Analyst (CFA) Institute is taking notice — so much so that the organization is adding cryptocurrency and blockchain sections to its 2019 certification exams.
The Let’s Talk Bitcoin Network has added a new show to its lineup, “What Bitcoin Did. ” The WBD podcast is hosted by U. K. -based Peter McCormack, an “accidental Bitcoin and Cryptocurrency investor, miner, blogger and podcaster.
However, despite the rapid growth of independent content and skill sharing, the relatively infantile industries are struggling with some fundamental issues. provide some level of service for content creators, the commissions they take are hurting the creator, which is stifling creativity and innovation.
Speculation aside, it is becoming increasingly clear that blockchain is going to revolutionize a number of industries in national and global economies. Hundreds of billions of dollars are spent each year in advertising and lobbying by insurance companies at every level.
