Much has been said about blockchain and its application in the Fintech universe. But it looks like businesses outside of the financial services industry might risk being left behind (let alone lose out on making vast efficiency gains) if they don't start embracing the technology soon.
This article by Harvard Business Review gives some insights on the gains available across a variety of sectors to those that get ahead and work the blockchain technology to their advantage...
Much of the hype around blockchains has focused on their potential to fundamentally change the financial services industry – by dropping the cost and complexity of financial transactions, making the world’s unbanked a viable new market, and improving transparency and regulation. Indeed, it is already having a big impact on that sector. However, our two-year research project, involving hundreds of interviews with blockchain experts, provides strong evidence that the blockchain could transform business, government, and society in perhaps even more profound ways.
