Blockchain technology may prove most valuable in the ‘trust economy’, according to Deloitte’s ’2017 Tech Trends’ report.
The paper notes that blockchain tech is outgrowing its adolescent cryptocurrency identity – as it becomes recognisable as a standalone technology and not just as bitcoin’s underlying ledger.
Blockchain’s potential, the report says, goes beyond simply removing legal and financial intermediaries in a contractual agreement, as it assumes the role of trusted gatekeeper and purveyor of transparency in the emerging ‘trust economy’.
“This latest use case may be blockchain’s most potentially valuable to date,” it claims.
According to the report, companies across the globe will likely begin exploring blockchain opportunities that involve some aspects of digital reputation within the next 18 to 24 months....