October 20168 By Ajay Sunder, VP, Frost & SullivanBlockchain has been talked a lot about in the recent past. Technology companies and financial services firms globally have been experimenting with Blockchains. Interestingly, companies outside financial services and technology are experimenting new models with Blockchains. The technology is still at its nascent stage but has the potential to transform existing business models So, What are the Implications for Blockchains on Technology Companies?· Infrastructure for Alternate Payments ­ Blockchains will be an enabler for alternate payment models (e.g Crypto currencies). Many other cryptocurrencies are exploring Block-chain as the decentralized ledger model works well for effective transaction recording and maintenance purpose. Blockchain helps in cre-ating a transparent mechanism where the trans-actions can be seen and mined by the entities in the ecosystem thus creating a more efficient transaction architecture. This architecture can be extended beyond Crypto currencies. The decentralised ledger means that when someone wants to transfer funds to another individual, the sender only needs to have a connection with one node any-where in the world to verify their account balance. The decentralisa-tion of the ledger means nodes com-pete to verify and record transactions faster and at the lowest price. We are seeing new use cases for Block-chain as an enabler for other platforms like Crowdfund-ing etc.· Storage and Server Infrastructure ­The distributed ledger archi-tecture enables new use cases for Blockchain. As the Blockchain expands (wrt Transactions/ geographies) this will mean adding more ledgers to the architecture. The traditional IT services companies can explore the growth in Storage as well as infrastructure services lead-ing to more increased usage in Data centre ( Co-location Is the Blockchain Really the Next Big Thing?IN MY VIEWFrost & Sullivan is a global research and consulting organization that helps organizations to build powerful growth strategies with new business models, technologies and brand solutions.Ajay Sunder
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