5 Industries Blockchain is Likely Disrupt by 2020

Today, around 80% of banks are developing their own blockchain technology. Barclays carried out the world’s first trade transaction using blockchain.

In September 2016, Barclays carried out the world’s first trade transaction using blockchain. They cut a process that normally takes 7–10 days down to less than four hours

Barclays’ Smart Contract was presented at the Barclays Accelerator London Demo Day at The O2 on 18 April 2016. The prototype was the first public demonstration of an application using a distributed ledger platform.

Presented by Dr Lee Braine (CTO Office, Investment Bank, Barclays), introduced by Brad Novak (Chief Technology Officer, Investment Bank, Barclays).

The Financial services are one of the industries most likely to be impacted by blockchain technologies, whether it’s EMT’s, smart contracts or other applications of the technology.

Blockchain is a foundational technology like the Internet—a big system on top of which you can build applications.

Read about the other industries that may be impacted by blockchain technology in the original article.

Original Article: 

If you are new to the Blockchain space check out the article by Chantelle Lafaille on Investinblockchain.com. It’s a great primer on the history of the blockchain and irons out some of the mystery of the technology behind the scene.

What is Blockchain Technology? A Beginner’s Guide

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About jasonbu 56 Articles
I'm a wannabe extrovert and an Interweb nerd who has spent the past 25+ years in the software industry. My first 10 years at Microsoft. I've served in the Canadian Military; I'm a humanist; I love coffee; love all things science and love spending time with my family.