Blockchain is growing in importance. Increasingly organisations have to explore what this revolutionary technology will mean for their business. Marc Andreessen from the well-known VC firm Andreessen Horowitz calls it as big an invention as the internet. Last year, in my Big Data Trends prediction for 2016, I already foresaw that 2016 would become the year of the Blockchain and now also Gartner has included in their Hype Cycle for Emerging Technologies.
Many organisations are already exploring the possibilities of the Blockchain, although primarily still in the Financial Services industry.
So Blockchain is changing how we do business and will probably also affect our lives. But what is Blockchain and why is it so important? Since I am incorporating the Blockchain in my research for my PhD at UTS, I thought it was a good exercise to try to explain it to you, with the help of a great infographic I came across.
Thanks for quesstion sir @knircky.