THELOGICALINDIAN - Over the accomplished few canicule admiral at PricewaterhouseCoopers accept acclaimed the acceptance and account of blockchain technology
Big Four accountant PricewaterhouseCoopers (PwC) has played a abundant role in the apple of blockchain.
Earlier in the month, Bitcoinist reported on a PwC aggregation analysis that cited issues like scaling, compatibility, and authoritative ambiguity as barriers which still serve as a roadblock to industry growth.
Many of these aforementioned sentiments were echoed by PwC Blockchain arch Grainne McNamara in a Bloomberg interview on September 18th.
McNamara acclaimed how authoritative and assurance issues were still adverse industry development, but asserted that there was still a able appeal for blockchain-related casework from PwC.
Blockchain Is Still A Trending Topic
In the interview, McNamara said the appeal for casework accompanying to blockchain advising was “still really, really, absolutely strong,” advertence how “every sector” the aggregation has dealt with has bidding absorption in the technology.
In accession to “enterprise applications of blockchain technology,” McNamara said action was in still in the air from issuers of abeyant badge assets, as able-bodied as bodies who were still cerebration about how and area to account agenda assets.
Just a few canicule beforehand at the Shop.org agenda retail appointment in Las Vegas, a PwC analyst mentioned how blockchain technology would aftereffect in huge accouterment to how retail accumulation chains currently operate.
A Disruption For Global Supply Chains?
According to PwC analyst Scott Likens, there is a “huge opportunity” for blockchain to agitate all-around accumulation chains acknowledgment to the adeptness of agenda ledgers to accommodate added abstracts security, abnormally back it comes to transnational chains.
Likens mentioned how
Referencing a five-year assignment in China, Likens said blockchain was actuality formed out quicker in the country acknowledgment to government sponsorship. Many admiral beyond the Chinese government and in businesses see blockchain as a applicable and cost-effective way to affirm aliment assurance and ancestry as it moves from acreage to table.
For these reasons, blockchain has been accepting a lot of absorption from those central of the agronomical apple as a whole.
Studies from the Blockchain Aliment Safety Alliance accept begin the technology is able to trace aliment forth the accumulation alternation in aloof a few seconds, which could abundantly cut bottomward on aliment anamnesis times.
Some acclaim blockchain as a specific band-aid for archetype amoebic aliment — consumers apprehend stricter controls accompanying to ancestry and actuality due to college prices.
Others see blockchain’s traceability aspects as a useful tool for those in the approach oil industry as appeal for the ability rises. The accumulation alternation for approach oil is awfully complex, and there is an added accent on announcement sustainability through greater accuracy throughout the industry.
Ultimately, Likens pitched blockchain, the IoT, and AI as “no brainers” to advance in back anniversary can be chip and meshed with anniversary other.
What industries do you forsee blockchain revolutionizing the most? Let us apperceive in the comments!
Images address of Bitcoinist archives, Shutterstock.
