Blockchain - another emerging technology
From the Emerging Technologies Blog
by Kevin Coleman
UPDATED MAY 2020 - This blog will appear monthly from now on. Today, all organizations depend on technological innovation in order to sustain their existence. Analysis of emerging technologies and identification of those technologies with the greatest potential is essential to being prepared for upcoming projects. The objective of this blog is to establish future oriented technology analysis and insights. This blog was established to provide program and project managers with information about these emerging technologies. These emerging technologies have far reaching repercussions for program and project managers. This blog will jump-start the learning process and allow program and project managers to become proactive.
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The disruption cause by one or more emerging technologies is cause disruption. Blockchain is one of those technologies. It is a secure digital distributed ledger system used to record transactions. Strategists believe that Blockchain is poised to have an impact on business across the globe. Here are what I believe are the top 5 segments.
1. Financial Services Industry
2. Healthcare Industry
3. Political/Government
4. Technology Services
5. Education / Training
Subject matter experts (SMEs) acknowledge that Blockchain technology provides a secure, auditable and reliable way to record transactions, adjustments, changes and transfer of data. This is another emerging technology that should be watched and monitored regularly.
Posted on: March 23, 2018 06:55 PM |
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Comments (8)
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Georgia Harris
GLH Project Manager| Independent Consultant
Pa, United States
This is on our list of technology to monitor - that is a long and growing list I have to say!
All true Kev, but why are crypto currencies dropping in value over the last few months?
There can be enormous number of applications which can benefit from blockchain.
Distributed Cloud storage is an example of application of blockchain technology where data can be distributed and decentralized for more security.
@ Sante, In my point of view, the drop we are witnessing in the value of crypto currencies is due to the resistance of government in limiting its trading and lack of understanding and speculations by people. I am expecting that it will get stable with time.
I agree Najam, it's only a matter of time before they roll over and play ball.
Anish Abraham
Privacy Program Manager| University of Washington
Auburn, Wa, United States
I guess PMs can use blockchain technology to provide a solution to a number of knowledge domains they are responsible. Thanks for sharing, Kev.
Kevin Coleman
Subject Matter Expert, Author, Speaker and Strategic Advisor| - Insights
Pa, United States
@ Sante That is a great question. I felt for a while a correction was way past due. Consider back on January , 2017 the sum of the 617 cryptocurrencies in circulation totaled $17,700,314,429.
Today (15 months later) the 1582 cryptocurrencies in circulation total $342,312,796,495 USD.
The valuation of all the cryptocurrencies in circulation mid 1017 was about 1500 and topped $800 billion. That was a bubble, buying frenzy, over-sell or what ever term you want to give it.
Nearly everyone I know stated it could not continue as it was - and it didn't.
ANOTHER reason that has been circulating is that one or more countries that are anti-cryptocurrencies for what ever reason (many given) are working to undermine this technology because the level of disruption cryptocurrencies bring with them as well as the loss of influence and control by some countries.
All are plausible, but no one really knows the truth. I kind of believe it is a combination of both of those reasons plus profit taking!
Very interesting Kev and all that makes perfect sense. Thanks.
thanks for sharing Kev. Very current and interesting
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