BlackRock, the world’s largest asset manager, has assembled a team to begin evaluating different blockchain and cryptocurrency companies. This bodes well for the blockchain industry as BlackRock holds $6.3 trillion in assets and could therefore inspire future investment in blockchain. As many different use cases of blockchain roll out into the news, asset managers see the value of this growing industry and will want to invest. Learn more here!
Category Archives: Industry Reports
Dubai’s government has been one of the first to create a blockchain implementation plan, hoping to use the decentralized system to:
- secure health records
- more effectively trade finance with smart contracts
- boost tourism
- increase trade efficiency, particularly for illiquid assets
- streamline ID verification
The city also plans to roll out a city-wide pilot, integrating blockchain into every aspect of government operations. Read more about the “smart city” here from IBM, Dubai’s lead strategic partner.
Recent consumer data breeches demonstrated how susceptible our personal data is to fraud when maintained by a centralized system. Blockchain technology may offer a solution, granting us ownership over our own data. Read about the growing risks of the centralized system, trends in data security, and individual data keys from this Forbes Technology Council article.
92% of the 26,000 blockchain projects created in the last two years have failed. What did the 8% that succeeded do right? This article from Blockchain at Berkley argues that these were the only projects that actually needed blockchain in the first place.