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A disruptive technology is generally seen as one which changes and…
A disruptive technology is generally seen as one which changes and replaces a previous technology and frequently does so in such a way as to alter the way in which industries function. It has been suggested that Blockchain is such a technology.
Discuss the extent to which you see Blockchain as a disruptive technology and support your answer with appropriate examples.
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Industries
Financial Industry
Banking
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Blockchain cannot be altered, reduced risk of fraud
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“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.” – Don & Alex Tapscott, authors Blockchain Revolution (2016).