Amazing Things Everyone Should Know About Blockchain

Blockchain will transform the way we do business and finance, because it creates an "internet of value." The impact will be enormous. Learn what it is and the 14 things everyone should know about blockchains so you can start thinking about the opportunities it creates for your organization. Check out the latest presentation to know more about it.

Transcript

1. Amazing Things Everyone Should Know About Blockchain
2. Although there’s debate about how long it will take for this statement to come true, since we’re in the midst of the blockchain transformation, most industry experts concur that’s where we’re headed. The impact of blockchain technology will be enormous. Because it is changing the foundation of our economic and social systems, full integration into our infrastructure will likely take years if not decades.
3. Amazing Things About Blockchain
4. Bitcoin, a money exchange system, pioneered blockchain technology and today, it has more than 8 million accounts and grew by more than 100% per year since it began in 2010. The person or team behind the service is known by the pseudonym Satoshi Nakamoto, but the entity’s real identity is cloaked in secrecy.
5. Blockchains can be public (like the internet) or private (like an intranet). Only 0.5% of the world’s population is using blockchain today, but 50% or 3.77 billion people use the internet.
6. There is significant investment by today’s tech giants such as IBM and Microsoft in blockchain technology. IBM dedicates $200 million and 1,000 employees to blockchain-powered projects. The average investment in blockchain projects is $1 million.
7. Over the last five years, VCs have invested more than $1 billion into blockchain companies. The global blockchain market is expected to be worth $20 billion by 2024.
8. 90% of major North American and European banks are exploring blockchain solutions. Blockchains are highly transparent, because anyone with access to a blockchain can view the entire chain.
9. 9 out of 10 agree that blockchain will disrupt the banking and financial industry. It is estimated that banks could save $8-12 billion annually if they used blockchain technology. One-third of C-level executives are considering adopting or are using blockchain technology.