Which Industries Will Be Transformed By Blockchain (and the Ensuing Data Glut That Follows)?

For all the attention that the Bitcoin cryptocurrency has garnered over the last decade, its most exciting contribution may be blockchain — the technological breakthrough that made a viable, decentralized currency even possible.

For those who are not familiar, blockchain is the cryptographic breakthrough that enables decentralized electronic databases where all parties can coordinate and trust each other without the presence of a centralized authority.

While blockchain was invented by Satoshi Nakamoto and revealed as part of his seminal paper unveiling Bitcoin, its application goes far beyond Bitcoin or even cryptocurrency. Its potential to allow coordination among decentralized players could revolutionize the enterprise data space from supply chains to lending to mining.

In this article, we focus on the enterprise applications of blockchain. What are company attitudes toward its potential? What kind of enterprise applications are made possible with blockchain? And how much data are they likely to generate? Read More

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