Prospects
Blockchain technology is relatively new and has not been encompassed in the mainstream industrial sectors. This has resulted in it being neglected for the time being but there has been rapid development in the sector last year. This has displayed several plausible applications in various fields which are not implemented as the pros of this do not outweigh the pros of the existing models. Will the rapid development of Blockchain Technology and increasing ease of its usage be a tipping point in the technological Industrial Revolution 4.0?
Blockchain – Into the Future
Accounting, transactions, contracts, and records play a pivotal and defining role in our societal system. They protect assets, and organizational boundaries and uphold the promises between institutions, governments, and corporations. Despite their importance, these have failed to digitize in ways other sectors have. Blockchain technology offers a solution to this. But the touted revolutionary technology is much more than just this and we are yet to realize its limitless potential.