The Myopic View of Blockchain Technology is Affecting Innovation

BitsPlan

Is there anything that blockchain technology can’t do? The question is hard to answer as long as we don’t change the way we perceive the distributed ledger technology. The blockchain technology is still in its nascent stages, but we fail to look at it with a fresh pair of eyes, says George Benner — Head of Digital Strategy at Droga5 Advertising Network.

In an article on one of the websites, George points out that by the overt commercialization of Blockchain technology, majority of the world is failing to see the endless opportunities it has to offer. Blockchain technology is being compared to the internet, which has been around for a long time now. While there are few similarities between the blockchain technology and internet, those who are unable to understand its full potential tend to swear by the known technologies instead of creating new benchmarks.

There are many of blockchain technology based companies in the world. Most of them are concentrating on the commercial applications of the technology, overlooking various other use cases. The number of companies working on blockchain technology based application for banking and financial sector as against those catering to rights management, content distribution and range

Read more ... source: NewsBTC USA

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