Blockchain is becoming the technology platform of choice of many newly-founded startups for a variety of reasons. The dazzling rise in the prices of bitcoin and ether has put the spotlight on cryptocurrencies and crypto activities.
The technology itself proves valuable to any task that requires transparent and immutable record-keeping. Initial coin offerings (ICOs) have also challenged venture capital and angel investment in the speed and ease by which companies could raise significant funding.
However, aside from startups, governments should be among those looking to leverage blockchain’s capabilities. Forward-thinking governments have now started to experiment and integrate the technology into their e-government strategies.