Blockchain technology drives demand for skilled business and IT leaders

Less than 10 years ago very few people were aware of what cryptocurrency was, let alone understand the technology that was driving it, and now it’s an industry that is hurtling towards being valued at $400 billion internationally as new “cryptos” are launched each month.

Bitcoin was the trailblazing cryptocurrency which was launched with little fanfare in 2009 and its rapid rise in popularity and price has spawned the birth of more than 1,500 similar businesses.

Bitcoin is just one of many cryptocurrencies that is successfully utilising blockchain technology to disrupt nearly every industry that exists.

Blockchain is a new technology that more and more web systems are now based on. Effectively, blockchain is a digital ledger in which transactions made in Bitcoin, or other blockchain ‘tokens’, are recorded chronologically and publicly.

The blockchain is typically managed by peer-to-peer nodes, which means the system is entirely decentralised. The digital ledger cannot be found on one single server, it is managed, operated, and exists, thanks to thousands of connected computer systems.

This makes blockchain technologies incredibly hard to dismantle and allows the technologies to grow rapidly and without geographical constraint.

It also means companies like Bitcoin which use blockchain technology are leading a demand for skilled business and IT leaders to lead them through the rapid change in their industry.

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