An emerging technology that represents a new and more developed form of trust, Blockchain is  an essential element of the way individuals and businesses interact. It also has the potential to fuel the next major economic expansion.

Blockchain is a distributed ledger that lets digital assets be transacted in real time—within a rules-based architecture—meaning no single entity controls the asset. A practical knowledge of Blockchain is therefore essential for organizations, and managers at all levels must gain familiarity with its concepts and applications.

WHAT YOU MAY NOT KNOW ABOUT BLOCKCHAIN

Adoption Statistics:

  • 28 million Blockchain wallet users worldwide—Statista, 2018
  • 11,290 cryptocurrency-accepting businesses at the end of 2017—Cointelegraph, 2018

Bitcoin Statistics:

  • 11 million bitcoin wallets set up—BitInfoCharts, 2018
  • Bitcoin milestones:
    • 425,000 transactions (1/4/18)—record for single-day transactions
    • 1.13 million active bitcoin wallets (12/14/17)—record for single-day active users

Blockchain Banking Statistics:

  • 69% of banks are experimenting with permissioned blockchains—Tech in Asia, 2017
  • $8–12 billion in annual savings that blockchain technology could save banks—Silicon, 2017

Transaction Statistics:

  • $0.30 average transaction fee for Bitcoin in 2017—CoinMetrics, 2018
  • $0.40 to transact a $99 million Litecoin transaction—Business Insider, 2018
  • 23,000 transactions per hour (on average) of Ethereum during 2018, the most of any cryptocurrency—BitInfoCharts, 2018


AMA Webinar: Demystifying Blockchain Technology

blockchain-demystifying

Peter-mcaliney
Explore the components of Blockchain and how they fit together, as well as their impact on success in a Blockchain-enabled economy. Join expert Peter McAliney, PhD, for this important discussion.

Learn more