Blockchain – A Platform for Disintermediation – Infocast
Disintermediation is the investment magnet for blockchain-related ideas, riding on the success of the business and underpinned by peer-to-peer and crowdsourcing models. The promise of blockchain for enterprise goes beyond its role as an industry disruptor. It also has tremendous potential to improve existing business processes, as well as to improve efficiencies in existing transaction systems, leading to exponential cost saving for the enterprise and the end consumer. I like to draw the analogy of the impact of information dissemination due to the internet serving as an information network. Blockchain technology promises a similar explosion in trade, ownership, and trust, as the tenets of both technologies rely on principles of distributed governance and rules established for a time-tested protocol.
— Nitin Gaur | Director at IBM Blockchain Labs
Source: Blockchain – A Platform for Disintermediation – Infocast
Blockchain – A Platform for Disintermediation – Infocast
Disintermediation is the investment magnet for blockchain-related ideas, riding on the success of the business and underpinned by peer-to-peer and crowdsourcing models. The promise of blockchain for enterprise goes beyond its role as an industry disruptor. It also has tremendous potential to improve existing business processes, as well as to improve efficiencies in existing transaction systems, leading to exponential cost saving for the enterprise and the end consumer. I like to draw the analogy of the impact of information dissemination due to the internet serving as an information network. Blockchain technology promises a similar explosion in trade, ownership, and trust, as the tenets of both technologies rely on principles of distributed governance and rules established for a time-tested protocol.
— Nitin Gaur | Director at IBM Blockchain Labs
Source: Blockchain – A Platform for Disintermediation – Infocast