Blockchain will be the Disrupter of 2016
Firstly let’s go back to basics – blockchain is a socially distributed ledger system that’s encrypted and offers very high levels of security – as good as, if not better than banks (there’s an excellent article on blockchain basics from The Economist).
iDisrupted has previously provided commentary on how blockchain will create positive disruption in financial services (“Banks being chased by the Blockchain missile“) – we’re now seeing evidence of multiple real world uses of blockchain that reinforce its legitimacy and give us cause to believe that Blockchain will the Disrupter of 2016,
The evidence of its success is growing every day through its acceptance by major institutions to innovate startups doing some creative things with it. . . Some examples.
- The normal dour and immovable object that oversees US financial markets – the SEC – has approved the issuing of company stock via blockchain.
- A Silicon Valley startup is using blockchain to certify and verify all of your documents from wills to mortgages. http://techcrunch.com/2015/09/22/stampery-leverages-the-blockchain-to-certify-all-your-documents/
- A Berlin based startup is using blockchain to certify artists ownership of their own work (significant disruption to art fraud)
- The new Enigma project by MIT allows anyone to share their anonymised personal data on the web with complete security (a similar concept to Ctrlio which enables their Intent Database).