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Glenn Schulke, Management Consultant for MSS Business Transformation Advisory, addresses the changes in the breakthrough and transformative technology of blockchain. iTunes truly was a disruptive technology that forever changed the music industry. Blockchain itself is not like this, but rather, it is a ground-up foundational, transformative technology that paves the way for future disruptive technologies.
An example of another foundational technology is the Internet. It started in 1969, as a tool for government and universities to share information via connected computers in a closed environment. Over time the technology evolved into its current open, shared state that is universally accessible and changed the way the world shares and consumes information, but it took nearly 30 years to become the transformative force it is. Schulke explains what blockchain is, its benefits and challenges as well as the future uses of the technology and who is starting to use it.