Ivan on Tech Academy provides latest insights and reports about the blockchain industry.
Blockchain technology first came about with the launch of Bitcoin in 2008 and the technology has, over the years, predominantly been associated with cryptocurrency, ICOs (initial coin offerings), and, more recently, decentralized finance.
The nature of the technology boasts apparent advantages to the traditional financial sector; however, now other industries are beginning to recognize the uses and applications of blockchain, they too are starting to integrate this technology.
Many businesses are finding benefits with the technology's use cases across different sectors. In this article, we will discuss a variety of business models using blockchain in various industries, and how these help shape the fourth industrial revolution, a.k.a. "Industry 4.0".
Blockchain technology, sometimes known as distributed ledger technology (DLT), is a relatively new form of a database for transaction information, stored in a decentralized and transparent manner.
The Global Blockchain Business Council (GBBC) was initially launched at the World Economic Forum Meeting in Davos back in 2017. This organization seeks to bring together various innovators and blockchain industry leaders. What's more, the organization brings together cross-sectional blockchain industry profiles from more than 50 nations.
Its purpose in doing so is relatively straight-forward. The nascent blockchain industry is a field that is displaying steady growth. However, it lacks when it comes to cooperation across various projects. In addition to this, certain groups, individuals, or organizations are skeptical of blockchain technology.
As such, the Global Blockchain Business Council seeks to both engage and educate regulators. In doing so, the GBBC is paving the way for further blockchain initiatives and projects. Furthermore, it does not limit its scope to merely regulators.
Instead, the Global Blockchain Business Council notes that it works with both lawmakers and...