The evolution of technology on the modern day business model – as well as the consequential impacts – has been (and continues to be) profound. Smartphones have more computing power and tech built into them than fifty desktop computers from the 1990s. technology has come a long way, making leaps and bounds to bring new evolutions and continue to expand and improve on past models and concepts. Blockchain technology is one of the latest innovations in the digital universe, and it has broadened the scope of what is possible, both immediately technologically and because of technology.
Cryptocurrencies have taken blockchain technology and revolutionised it even further, allowing users to transfer their virtual currencies swiftly using blockchain networks. The very make up of blockchain technology insists on the security of locked down privacy online – taking the internet and turning it on its head, adding value and building on the foundations that brought the internet to life. Two areas and concepts that are benefiting from the introduction of industry-dedicated blockchains and the cryptocurrencies like Dascoin that are used to facilitate the networks, are the ever-expanding industry of digital nomads, and the general value of virtual privacy (something that has previously been a cause for concern among individuals). Blockchain technologies have the potential to change the way that individuals run their lives, and industry-dedicated blockchains are revolutionising businesses across the globe.
The physical workplace becoming the virtual workspace
Every business is a technology business in this new era. The technologies that are readily available thus far have changed – and continue to change – the way that individuals think and progress in nearly every career field on the spectrum. The physical workplace is being restructured to realign with the continuous digital influence that is shaping the continuing technological revolution that is in current effect. Allowing a workspace to go from being physical to virtual literally relies on communication via technology. Simply put, without technology, virtual workspaces (or, digital nomad companies) are simply unable to perform. Without physical human communication, the whole company relies on the competency of employees to communicate virtually.
Virtual privacy is front and centre
Blockchains are entirely transparent in their makeup, and so they have no room to hide – anyone with access to the blockchain in question can view the entire chain. This may seem like a privacy concern, but with the ability to make blockchain networks public – like the internet – or private – like an intranet – companies that utilise industry-dedicated blockchains put themselves in a very safe position. Blockchain networks allow companies in this format to transfer pay scales, private company data, and more – all with a secure system running in the background, keeping the information from flowing freely through the web. Additionally, as the blockchain networks evolve, every industry is, in some way, benefiting from the technology. Business technology is something to be taken very seriously, and more and more businesses are investing in blockchain technology to strengthen their privacy, information systems, and overall performance.