25 Apr '16, 3pm

Bitcoin and Blockchain Tech Are Fueling a Fourth Industrial Revolution

Editor's Note: This is an opinion piece by Andrew Quentson ; the views and opinions expressed are those of the author. Is a fourth industrial revolution underway? Advancements in information-sharing technology, including data analytics, cloud computing, wireless sensors, smart contracts, decentralized autonomous organizations and blockchain technology seem to be fuelling not just a disruption but a revolution, fuelled by the invention of Bitcoin and blockchain tech. According to a recent report, almost 90 percent of 800 expertssurveyed by the World Economic Forum (WEF) believe that the Internet of Things (IoT) will reach a tipping point of 1 trillion connected devices in a decade. Moreover, 58 percent of the experts believe that 10 percent of global gross domestic product will be stored on blockchain technology by 2025. From smart young men and women in their basement gara...

Full article: https://bitcoinmagazine.com/articles/bitcoin-and-blockcha...

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