Blockchain has huge potential, but it seems no one knows what for yet. There are positive legal applications, security applications, insurance applications as examples, but few have seemed to apply the technology in a live environment.
Is the use of innovative technology going too far? For over two centuries new technology has been introduced in the business world and workers have had to adapt their positions to accommodate the change. Now that change means Robotic Process Automation (RPA).
Over recent months IBM has urged the government to consider the use of blockchain as a way of saving time, money and averting risk. IBM has stated that this technology needs to be seen as more than just the foundation for cryptocurrencies. IBM is amongst the growing number of companies offering Blockchain-as-a-Service (BaaS); a service that allows enterprises to pilot the technology without having to undergo huge capital expenditure in hardware and onsite development.