Wednesday, February 8, 2017

Is Blockchain the Next Great Hope — or Hype? Knowledge@Wharton

Cryptocurrencies such as bitcoin may have captured the public’s fancy – and also engendered a healthy dose of skepticism — but it is their underlying technology that is proving to be of practical benefit to organizations: the blockchain. These uses are merely the tip of the proverbial iceberg for a nascent technology whose development stage has been compared to the early years of the internet. “We’re very early in the game,” said Brad Bailey, research director of capital markets at Celent, at a recent Blockchain Opportunity Summit in New York. He likened the blockchain’s current status to the web of the early 1990s, heralding a coming wave of new ideas and uses. “This will impact the world.” http://knowledge.wharton.upenn.edu/article/blockchain-next-great-hope-hype/

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