Ron Quaranta, Chairman of Wall Street Blockchain Alliance, participates in Risk Roundup to discuss Applications of Blockchain Technology.
Applications of Blockchain Technology
The deep-rooted rigid boundaries of nations: its government, industries, organizations, and academia (NGIOA) seems to be tumbling as digitization is re-writing the rules of competition and collaboration. With the tumbling of boundaries, digital disruption is on its way to reshaping the global systems faster than perhaps any force in the entire human history. This is mainly due to advances in technologies like blockchain.
The promise and potential of blockchain technology seem to have energized individuals and entities across nations: its government, industries, organizations, and academia (NGIOA). The simple reason behind this is perhaps because blockchain technology shows us how to effectively transition to a digital global age.
As the blockchain technology re-defines and re-configures the global NGIOA infrastructure and systems across cyberspace, geospace, and space (CGS), it is beginning to envisage how the global systems of a digital global age would look in the coming years. When entities across NGIOA acknowledge blockchain technology as one of the most disruptive innovations since the dawn of the internet, it is important to understand and evaluate what kind of transformation is imminent as blockchain technology begins to get tested, developed, and applied extensively across nations.
There is no doubt that blockchain is revolutionary and will upset the very fiber of the systems and services across NGIOA. While blockchain provides its own distributed, transparent record-keeping leverages real-time trust among the participants, and balances the information flow between senders and receivers, it fundamentally reduces the need for intermediaries because of its shared and trusted environment.
However, blockchain needs collaboration to succeed and since collaboration and cooperation are not in the very fabric of nations, how will that be overcome? While blockchains are causing a technology revolution, it is important to understand and evaluate what else is necessary to transition to a digital global age. Time is now to talk about Applications of Blockchain Technology!
For more please watch the Risk Roundup Webcast or hear the Risk Roundup Podcast
About the Guest
Ron Quaranta – Founder and Chairman of Wall Street Blockchain Alliance, is a recognized expert in the area of blockchain innovation, particularly its impact on the world of financial markets.
Ron has over 25 years of experience in the financial services and technology sectors and currently serves as Chairman of the Wall Street Blockchain Alliance, a non-profit trade association promoting the education and adoption of blockchain technology across financial markets.
Prior to this, Ron served as CEO of DerivaTrust Technologies, a pioneering software and communications provider of secure transaction and information platforms for financial market participants. Before this he held a variety of senior roles at Thomson Reuters, the global news and information firm, culminating as Global Head of Trading Analytics.
About Risk Group
Risk Group is a leading strategic security risk research and reporting organization.
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Reference Episodes:
The Rise of Initial Coin Offering (ICOs)- Risks and Rewards
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Blockchain based Insurance Model for Managing Aging Infrastructure Risks
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Blockchain & Machine Learning Based Content Platform
Blockchain Based Risk Transfer
Blockchain Revolution – Risks & Rewards
Securing the Internet of Things using Blockchain Convergence
The Convergence of Blockchain and Internet of Things
Blockchain Applications for Emerging Economies
Blockchain based Creative Content Collaboration
What Should Bankers Know About Financial Technology
Blockchain based Network Security
Digital Transformation of Financial Industry
Will Blockchain Secure the Internet of Things
Smart Lending 