The Block, a publication within the portfolio of TechForge Media, is founded on one core tenet: the belief that the potential of distributed ledger technologies (DLT) for enterprise applications and use cases is vast.
Blockchain technology – an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way – is advancing and moving further away from its roots in Bitcoin and cryptocurrency. While Bitcoin remains the only in-production example of blockchain at scale today, the possibilities outside of this, from telecoms, to healthcare, to energy and more, are there.
What’s more, as Jessica Groopman, principal analyst at Tractica, explains, as one industry moves, others will naturally follow, giving transportation as an example. “If this becomes a pervasive part of the transportation industry, smart trucks or smart cars, that’s going to ripple outwards into media, into telecoms, potentially even hospitality,” Groopman says. “If your car or truck is beginning to act and transact as an autonomous agent, that’s going to run on the blockchain most securely – and so you can see how one industry picking this up would begin to open up that opportunity to other outlets.”
With this in mind, The Block will focus on the main and emerging players in the ecosystem, the use cases, as well as the enterprise and developer outlook on what is predicted by Grand View Research to be a $7.7 billion market by 2024.
Colm Hebblethwaite is the editor at The Block and is always looking to to bring the latest developments in this cutting-edge area of technology to both businesses and consumers.