Bitcoin, Cryptocurrencies, Blockchain.
Together, these various buzzwords form a distributed ledger of hype!
The potential for a new decentralized world has led investors, writers, bankers, entrepreneurs and more to herald various versions and aspects of this new technology as representing the future of humanity.
A World Economic Forum survey even suggested that 10% of global GDP would be stored on the blockchain by 2027.
There is a lot of excitement about the direction the technology is heading, but the tech behind Bitcoin has existed for a while now and we’re yet to see much mainstream integration of it.
Which begs the question: what can the blockchain be used for?
In this Process Street article, we’ll look at:
- What is the blockchain?
- 5 use cases where the blockchain could thrive
- How the blockchain could be utilized in business process management