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HOW CAN CREATIVE INDUSTRIES BENEFIT FROM BLOCKCHAIN?
Aruba, August 9, 2017 - Five forces of blockchain technology could affect the creative economy. Here are some of the risks and challenges to overcome.
 
Many readers will be familiar with blockchain as the underlying enabling technology developed for Bitcoin, a cryptocurrency. Klaus Schwab, founder and executive chairman of the World Economic Forum, provides this summary in his book on the Fourth Industrial Revolution: “In essence, the blockchain is a shared, programmable, cryptographically secure and therefore trusted ledger which no single user controls and which can be inspected by anyone.”
 
Blockchain has the potential to become a powerful disruptive force. A survey of 800 executives, featured in the same book, suggests 58 percent believe that up to 10 percent of global GDP will be stored using blockchain technology.
 
 

By orbitalnets.com