It’s amazing how one year can make a difference with the latest technology trends. Cryptocurrency was once the most talked about and anticipated topic. Since then, many cryptocurrency-based organizations have collapsed. Is this the end of the push for cryptocurrency? Jordan Yallen, Forbes Council Member and CEO of blockchain technology company MetaTope, believes that blockchain technology still has a lot to offer. “We’re already seeing how blockchain technology can transform some of the world’s most important industries, namely, banking and global finance,” says Yallen. “Blockchain technology is expected to have such an impact on global finance that former SEC Chairman Jay Clayton went so far as to say the future of our financial markets depends on successfully adopting it. Goldman Sachs CEO David Solomon has also praised the technology’s impact on financial markets, arguing it has ‘far-reaching implications for the global economy.'” Yallen shares the three ways blockchain technology is creating transformative change on a global scale:
Yallen concludes that Blockchain’s dominance seems inevitable in most, if not all, major global industries. This technology allows for a more more secure, reliable, and efficient business system, and organizations should look for ways to adopt the technology where appropriate.