Blockchain disrupt; The blockchain is getting a lot of attention lately. Companies from all industries are really interested in how they can use the blockchain technology. But why is the blockchain getting more attention than ever? Here are the most recent developments.
One of the major indicators of how you can see if the technology is really interesting are investments. Bitcoin investments have surpassed the 1 billion dollars in the last 12 months. This is probably only the beginning. Once the first projects are reality and the results are good it will grow with factor x.
First finished project can be expected this year already
Banks are working on blockchain projects. It looks like they seriously interested in the blockchain technology.
Today more than 42 of the largest banks in the world are working on blockchain products. Projects are focused on many applications.
Banks are mainly looking to use blockchain to make transaction faster and cheaper. In the end this is also why bitcoin is invented. Other focused areas are trading and international transactions.
The biggest stock exchange in the world has started its first blockchain project. The Nasdaq is piloting a blockchain powered private market exchange. It is currently testing it with an early pool of users. With the feedback of the users they would like to fine tune the system and launch it.
Microsoft has launched blockchain service
Software giant Microsoft has launched tools for developers to quickly develop blockchain based apps and software. It is actually a complete development kit which should be easy to use for developers.
All industries are interested
Blockchain concepts, prototypes and investments are seen in every industry. It looks like the blockchain disruption is at our doorstep. It says something that a lot of large multinationals are seriously interested.
It’s not just the finance industry, but look also at companies like Overstock or Expedia. They are from total different industries and they also see great applications of the blockchain. Blockchain can and will change the as we know it.
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