JULY 2018CIOAPPLICATIONS.COM6JULY - 8 - 2018BLOCKCHAINSPECIALCopyright © 2018 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Volume 03 - 27Published by ValleyMedia, Inc. To subscribe to CIO ApplicationsVisit www.cioapplications.com Graphics & ArtDeclan ColeJohn GouthamSalesTom Francistom@cioapplications.comEditorialUnlocking the Potential of BlockchainJoe PhillipManaging Editoreditor@cioapplications.comJoe PhillipInarguably, 2017 was a huge year for Blockchain. The world witnessed record-breaking growth in bitcoin prices, incredible increase of ICO investments, and the rise of new public regulations and decentralized exchanges. But the true potential of blockchain as an encrypted database structure has more to offer than just bringing advancements to cryptocurrencies. Blockchain has the potential of not only disrupting financial services but also bridging security gaps and reducing costs in various industries that are dependent on intermediaries. In fact, it can bring a paradigm shift in the way all digital transactions are performed. As the blockchain fever heats up further in 2018, industries are preparing for the technology's eventual advent into mainstream businesses and processes. Among all the domains employing blockchain technology, the banking sector has occupied a front row seat. This year, more banks are seeking to use blockchain to transform parts of their business, especially in terms of reducing fraud. With the use of a blockchain-based technology, cross-border payments can also be brought down to mere seconds as opposed to 2-3 days when current generation banking methods are used; and all this at a fraction of the cost.Blockchain also has many potential uses for governments. Advocates of blockchain believe that the public ledger system, secured with a unique key, could record each citizen's contact and prevent frauds in income tax filings. Likewise, healthcare payers and providers are also using blockchain to manage clinical trials data and electronic medical records while maintaining regulatory compliance. As enablers at the helm of this transformation, CIO Applications' editorial board has evaluated and featured leading-edge blockchain technology solution providers that are evoking new potentials for businesses. Let us know your thoughts.Managing EditorJoe PhillipSenior WritersClara MathewLeah JaneRoyce D'SouzaEditorial StaffBen JacksonDaniel HolmesEzra BenjaminJames SmithJune MichaelPooja Ray*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEmailsales@cioapplications.comeditor@cioapplications.commarketing@cioapplications.comContact UsPhone: 510.330.5174Fax: 510.894.8405
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