IT - Blockchain

Predictions Around Blockchain And Data For IT Leaders
InformationWeek, February 4th, 2020
Blockchain technologies will ignite the era of decentralization, where customers own their data and decide how it is used. IT leaders should start to rethink their strategies

"Blockchain has introduced alternative methods for tracking and managing customer data. IT leaders need to understand the direction of decentralized technologies -- or risk falling behind.

Scan the latest news: Many tech sector reports mention the misuse of data and the erosion of privacy. Among the disconcerting newsflashes are also new terms such as 'surveillance economy,' where customers sacrifice data privacy for 'free' services. In an effort to combat such erosion, pieces of legislation like the California Consumer Privacy Act give consumers the right to learn what data companies are collecting about them and demand they not sell it. Technology solutions, like advancements in blockchain, are less often discussed but perhaps even more seismic..."

The Internet was originally built without concerns for privacy, especially not the complicated security features required by today's standards

"It's far too late to redesign the entire Internet, however, two blockchain projects offer potential security solutions. Blockchain's capabilities of serving as a decentralized payment system could be the secret for the future of internet security.

In the beginning, the internet grew from the idea that multiple, arbitrarily designed networks could combine to create a global digital data interchange system. When the technologies needed to affect that idea were designed, nobody really thought they might eventually be used for everything from sensitive communications to commerce and everything in between. For that reason, it's plain to see that the bedrock technologies that make up today's internet have almost no built-in security features to speak of..."

The age of the internet was a game-changer for the gambling industry

"It enabled anyone with an internet connection to play their favorite casino games or engage in sports better from anywhere. Now, despite being heavily regulated in many countries, the online gambling sector is growing at an impressive rate. According to a report from market research firm Mordor Intelligence, the industry can expect further growth of 8.77% CAGR between now and 2020.

However, despite this optimistic projection, the online gambling space also faces several key challenges. There is a lack of trust on the part of users, partly driven out of the fact that there's a low level of transparency into wins and losses..."

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