Threat or opportunity?
Bitcoin is more than just a new way to make purchases. It is a protocol for exchanging value over the Internet without an intermediary. Much has been written about Bitcoin’s payment applications, however Bitcoin could soon disrupt other systems that rely on intermediaries, including property transfer and identity management.
As the Bitcoin ecosystem—relying on the blockchain technology—evolves and use cases emerge, the public and private sectors will face new challenges, opportunities, and responsibilities. Companies may build upon this technology to create innovative products and services. In the future, Bitcoin and blockchains may revolutionize the way we conduct business. The sooner the public and private sectors understand the potential of this new technology, the better prepared they will be to mitigate its challenges and realize the benefits of bitcoin and other similar virtual currencies.
Inside magazine issue 10, October 2015
Inside is Deloitte’s quarterly magazine offering an exclusive insight into best practices, trends and opportunities faced by our clients across all industries.
Inside focuses on the main hot topics relevant for the market (Asset management, Banking, Insurance, Public sector, Healthcare, Private equity, Real estate, TMT, Manufacturing and consumer business, Transport and logistics).