Could Blockchain Be as Big as the Cloud?

As Blockchain Technology is coming into play more everyday, questions are being asked as to whether or not this is the next big paradigm shift in technology.

Case Kuhlman, CEO of blockchain and contract software company Monax, hinted that it could be the case.

“What cloud platforms like Salesforce (CRM) and others have traditionally done is separate the installation of software on a particular computer with the ability to interact with that piece of software. That was a real fundamental change for device mobility and a whole range of other things,” he explained. “What blockchains do, is they sit behind an application and they enable us to divorce a single operator of a dataset or a system with that dataset or system. So in other words, now a group of companies, or an ecosystem can all collaboratively manage a system.”

As the ecosystem matures and more companies like Walmart (WMT) and IBM IBM begint to employ their company specific applicaitons of blockchain, the technology could be set to become as ubiquitous as clouds are.

Such a standard could set up a boom for the industry even as its flagship cryptocurrencies crash.

To watch the full interview and hear how the space is developing in 2019, click here.

 

 

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