How Blockchain Technology Can Impact Industries

Despite being over 10 years old, blockchain is still a bleeding-edge technology that’s yet to develop technologically to meet its full potential. Blockchain’s ability or potential to disrupt incumbent industries is a significant consideration for fintech investors and enthusiasts alike.

When researching and evaluating blockchain-based projects, it’s important to have a sound understanding of: 

  • the industry (or industries) the project is looking to disrupt, 
  • whether blockchain is a necessary ingredient to disruption, and
  • whether blockchain technology in its current form is capable of causing disruption.

Many newcomers to the blockchain space often don’t devote enough time or energy to better understanding blockchain technology. As a result, many have a distorted interpretation of blockchains current limitations versus its potential future advantages.

For more on blockchain, read ‘What is Blockchain Technology?‘ on our Knowledge Centre.