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Blockchain, the underlying technology behind cryptocurrencies such as Bitcoin, has moved from an abstract concept to concrete initiatives by both startups and established companies across all industries. The platform is now being promoted as a solution for identity, security and fraud prevention, with some predicting blockchain will be the foundation for the next generation of the Internet. In boardrooms across the country, C-level executives are evaluating their blockchain strategies. Given this focus, what will blockchain’s impact be on the near term and mid-term infrastructure for the travel industry?Analyst: Norm RoseTopic: Technology InnovationResearch Type: Article
A decade has passed since Bitcoin’s mysterious founder published a paper describing blockchain, the technology behind the world’s first decentralized cryptocurrency. Exuberant evangelists have since touted blockchain’s potential to solve many of the world’s problems. Pundits claim it will revolutionize the global economy, end poverty, eliminate identity theft and transform the future of work. Blockchain is also held up as our best chance to save the Internet, countering the power of giants like Facebook and Amazon by reviving the open-protocol ethos of the early web.Analyst: Cathy WalshTopic: Technology InnovationResearch Type: Article