With blockchain revolutionising financial systems and attempting to change the world, caution still needs to be applied. Cloud Tech asked Bridgeworks CEO, David Trossell, to discuss whether the reality can match the hype around blockchain, and how data technology can increase security.
“In contrast to Salmony’s personal viewpoint I think that blockchain technology will likely, maybe, or possibly change the world. It will revolutionise the financial systems overnight, taking away the need for the slow incumbent banks and their stuffy 300 year old way of doing things. For anyone that has been in the IT industry for the last 20 years will know and recognise the hype cycle that tends to happen when a new technology emerges – just look at the internet.”