It seems lately you can’t have a discussion around new and disruptive technologies without the word “blockchain” entering the conversation. Blockchain technology, at its basic, is a distributed ledger. In an earlier post, I discussed that while blockchain has close association with bitcoin, it is also being looked at for a variety of situations well beyond digital currencies.
Hype around blockchain is definitely high. There was a recent article that even suggested blockchain could clean up American politics. While I have my doubts about that, there is no question blockchain has the potential as a disruptive technology to impact many businesses in a positive fashion. How to research and investigate the usage of the technology to a deep enough level in a cost-effective fashion has become the challenge for many businesses.
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