Bitcoin's Promise For The Fourth Industrial Revolution
The evolution of finance that Bitcoin represents will bring impacts comparable to the Industrial Revolution.Since its inception, Bitcoin has paved the way for broad adoption of cryptocurrencies and blockchain ledger technology. Now, Bitcoin’s promise extends into the fourth Industrial Revolution (Industry 4.0). The wave of development and utilization of Bitcoin as decentralized finance (DeFi) for this new revolution carries enormous potential for an increasingly connected global economy. Industry 4.0 is making waves across global commerce. Bitcoin, through advancing networks and....
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Bitcoin, the blockchain, artificial intelligence, the Internet of Things and other Fourth Industrial Revolution technologies are disrupting everything around us. In particular, they are disrupting the way we manage people and businesses. Furthermore, they are changing management approaches and fostering new business process creation. Industrial....
World Economic Forum 2016 in Davos on January 20-23, promises to pay great attention to cyber-physical systems and FinTech revolutionary solutions. This year a lot of sessions will be dedicated to emerging technologies changing the world’s economic ecosystem and the Fourth Industrial Revolution. According to one of the latest agenda by Klaus Schwab on the WEF official website: “Like the revolutions that preceded it, the Fourth Industrial Revolution [cyber-physical systems] has the potential to raise global income levels and improve the quality of life for populations around the world.”
Blockchain has been named a World Economic Forum Technology Pioneer as an innovative company with the potential to significantly impact business and society through new technologies and advance the Fourth Industrial Revolution. Why Blockchain? Blockchain was recognized for transforming the $13 trillion financial services industry – by empowering millions across the globe to authenticate and transact immediately and without costly intermediaries. Fulvia Montresor, Head of Technology Pioneers at the World Economic Forum, says: “Blockchain is among those companies helping to shape the Fourth....
Is a fourth industrial revolution underway? Advancements in information-sharing technology, including data analytics, cloud computing, wireless sensors, smart contracts, decentralized autonomous organizations and blockchain technology seem to be fuelling not just a disruption but a revolution, fuelled by the invention of Bitcoin and blockchain tech. According to a recent report, almost 90 percent of 800 experts surveyed by the World Economic Forum (WEF) believe that the Internet of Things (IoT) will reach a tipping point of 1 trillion connected devices in a decade. Moreover, 58 percent of....