What is blockchain? The basic idea is that digital information can be distributed, but not copied. No one can change this data, but it can be tracked.
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Blockchain is an emerging technology which has permeated every layer of an organisation. Everybody is talking about it, trying to implement it or are worried if their business have not deployed it. What does blockchain research indicate?
Blockchain is everywhere and research suggests blockchain will have an effect on the legal system in the UK. But, what is its impact on the legal industry? More importantly, will it affect your legal relationships?
Blockchain has huge potential, but it seems no one knows what for yet. There are positive legal applications, security applications, insurance applications as examples, but few have seemed to apply the technology in a live environment.
I am very conscious about understanding climate change. Reading articles about the impact of technology on climate change is hugely interesting to me. Unfortunately, I came across a study which stresses the environmental impact of Bitcoin which I thought it best to share.
Is the use of innovative technology going too far? For over two centuries new technology has been introduced in the business world and workers have had to adapt their positions to accommodate the change. Now that change means Robotic Process Automation (RPA).
You would have to work hard to ignore Brexit in the media. The most recent updates are everywhere projecting daily doom and gloom for the British public to enjoy. Are businesses prepared for Brexit in March 2019? More pressingly, can we prepare for Brexit?
Global businesses are moving from blockchain research to applying the technology to current business challenges. Many believe that this change will be taking place in the next 12 months. Linda Pawczuk, a principal with Deloitte Consulting, commented business ambition was shifting from “a focus on blockchain tourism and exploring the technology’s potential, to building practical applications”.
When people think of blockchain, cryptocurrencies such as Bitcoin are probably the first thought that springs to mind. Where blockchain, with Bitcoin, has caused disruption in the financial sector, blockchain has the power to disrupt and solve problems in multiple other sectors, such as Marketing & Advertising. Transparency, trust and battling counterfeiters.
Over recent months IBM has urged the government to consider the use of blockchain as a way of saving time, money and averting risk. IBM has stated that this technology needs to be seen as more than just the foundation for cryptocurrencies. IBM is amongst the growing number of companies offering Blockchain-as-a-Service (BaaS); a service that allows enterprises to pilot the technology without having to undergo huge capital expenditure in hardware and onsite development.
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