Global Tech Makers CEO Rafal Szymanski Believes in Blockchain’s Global Business Boosting Qualities
The CEO of Global Tech Makers, Rafal Szymanski, believes that blockchain tech could be more than just a fad. The IT expert believes that this technology could achieve its goal of transforming how business takes place around the world.
2017 was no doubt the year of crypto, with prices peaking during Q4. However, a bear market in 2018 has seen most of those gains lost. This has served to dampen investor interest in crypto. Even as the speculative models that make up most of the crypto market crumble, corporate giants globally still believe in the technology. Proof of this is the huge number of distributed ledger technology patents that have been submitted by major companies. Some of these companies are Alibaba, MasterCard, IBM, and many others.
DLT apps may not have the pull that crypto coins did in 2017. However, these apps focus on uses that are more realistic and affect how business takes place globally. Szymanski realizes that DLT has huge potential. His company is already working with FutureNet, which is a social media platform that is powered by a crypto coin called FutoroCoin.
Disrupting Business Globally
Right from the start, many experts said that DLT would influence various aspect of how business takes place globally. While it is still young, there are already use cases for these claims. It is especially so in the supply chain management world, payment systems, and food traceability.
Most of the appeal of the blockchain is due to its decentralization, immutability, and security. With the aid of DLT, the middleman could one day be obsolete. With elaborate and complex code, a network of nodes could handle all validation of the entire transaction.
Features of the DLT open up new vistas with adoption only held back by the lack of expertise. Szymanski said that it is about understanding that the blockchain will eliminate the need for middlemen, who are costly. Once companies embrace this nugget of wisdom, he believes they will start to see the benefits it holds.
He went on to add that there is a general agreement that DLT is an exciting emerging tech. In his opinion, the technology is as revolutionary as AI, machine learning, and the IoT. In fact, he believes that the DLT has an edge. This is because it can be used to offer a framework for the deployment of other technological concepts.
There exist examples of breakthroughs in the utilization of DLT with other promising technologies. For instance, IOTA shows how the IoT and the blockchain can be used together to solve issues in various industries.
Szymanski is not new to emerging tech such as IoT and AI. He currently owns EasyVisual, which is an ad network. The company believes that AI will have an important role to play in the digital marketing world.
It is worth noting that DLT is still young. Just like the internet, there are still various kinks that will have to be worked out. The main one is being able to scale a network.