The last decade was quick! Quick in terms of transformation, innovation, and application; we witnessed the digital era. Right from supercomputers to smartphones, the transition has been massive. Today, we are at the threshold of a new world order where blockchain will play a major role in shaping human experiences and interactions. It would mark the beginning of a completely new era of decentralization of power through more democratic systems that distribute and relegates authority to multiple participants working with the blockchain network. Gone are the days when a single point failure would lead to a complete blackout of information. What follows would be a new dawn in the era of the cryptocurrency revolution and blockchain revolution. Today, decentralized architecture systems secure information, provide full proof security, and are highly scalable propositions highly suitable for the existing business ecosystem.
What changes can be expected from the modernization of digital technology especially in the segment of DLT?
The future of businesses would be principally governed by two technologies. The first one would be decentralized distributed ledger technology followed by IoT. For those who are not so familiar with IoT; the Internet of Things is a continuous network of interconnected devices that are linked through the internet. This massive network of connected devices makes it one of the most sought after platforms in the world of business.