Blockchain could enable parties with no particular trust in each other to exchange any kind of digital assets (money, contracts, land titles, medical and educational records, services or goods) on a peer-to-peer basis with fewer to no intermediaries.
Its potential for wide-ranging changes in the economy, industry and society is now being explored across sectors and organisations.
Bringing together research from six JRC units, our report "Blockchain Now and Tomorrow" provides multidimensional insights into the state of blockchain technology.
It identifies ongoing and upcoming transformations, and it sets out an anticipatory approach for applications in finance, industry, trade and public sectors, moving beyond the hype and debunking controversies.
- Blockchain is a promising technology, but bottlenecks and complex challenges lie ahead.
- A global ecosystem is on the rise from start-ups to capital investment.
- Beyond financial applications, blockchain has potential in other sectors.
- Governments and public sector can leverage on blockchain.
- Foresight and anticipatory governance can enable better policymaking on blockchain.