Blockchain Technology: Inevitable Disruption or Inflated Hype?
Today's virtual currency ecosystem is estimated to have a market capitalization of over $90 billion. Virtual currency and its underlying technology have interested entrepreneurs, speculators, and those who wish to transact anonymously; and captured the attention of venture capital firms worldwide, write Aaron S. Weiss and Matthew E. Kohen.
August 23, 2017 at 02:45 PM
10 minute read
The virtual currency Bitcoin has gained notoriety and intrigued entrepreneurs, finance magnates and governments. Lauded and criticized for its ability to offer relatively fast, inexpensive and nearly anonymous transactions, Bitcoin ushered in a new era of Fintech innovation. For example, it paved the way for the development of other virtual currencies such as Ethereum, Monero and Dash.
Although various virtual currencies offer different features and purport to serve different purposes, most share one key attribute: the blockchain. This article offers a high-level overview of blockchain technology and how it might impact industries such as finance, insurance, smart contracts, real estate and logistics.
|Expanding Interest in Blockchain Technology
Today's virtual currency ecosystem is estimated to have a market capitalization of over $90 billion. Virtual currency and its underlying technology have interested entrepreneurs, speculators, and those who wish to transact anonymously; and captured the attention of venture capital firms worldwide.
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