When talking about blockchains, we commonly think of its applications in the future. “Blockchain will solve this, blockchain will achieve that”. It’s easy to forget that blockchains are already deployed in the wild.
Pick an industry, from automobiles to artificial intelligence, and odds are you’ll find examples of blockchains in action. In all quarters and all circles, blockchains are making their mark. Even the US Treasury is in on the act, advocating for more pilot projects and test programs.
The ‘World Economic Forum’ anticipates that 10% of global GDP will be stored on the blockchain by 2025. That means the global executives out there are preparing for this seismic shift, and are ready to completely back its implementation. The impact of distributed ledger technology could be as grand as the internet revolution itself.
The use cases differ, but the benefits derived from using the technology remain unchanged: transparency, immutability, redundancy and security. In 2018, new blockchain initiatives are launched every day.
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