Distributed ledger technology is the latest buzz of the international technology market. The blockchain based services and apps have started taking over the place of the middleman and third party requirements in the operational chain. However, some consider that this technology is about to bring in the fourth industrial revolution which will even surpass the reputation of machine learning and artificial intelligence. However, the industry experts have varied views on this and the technology has yet to prove that it is not overhyped.
Ex-Google CEO Eric Schmidt has given optimistic views on the blockchain calling it as a powerful platform. The executive chairman at Alphabet Schmidt addressed the audience in San Francisco at a private event sponsored by Village Global. He expressed his frank opinions on both blockchain and cryptocurrency trade. He seems to be a big fan of Ethereum which is one of the most popular and world’s second largest virtual currency by market cap.
Schmidt’s Outlook
Schmidt’s views on technology are considered as pretty valuable as he has been one of the most influential technology executives in the world for a technological firm Google. He believes that the blockchain ledger technology still has areas untapped with immense potential, but there is lot hype in the market about what it all facilitates. In his words, blockchain undoubtedly serves as a wonderful platform for banking operations as well as an underlying platform for cryptocurrency trade. (Via Crypto Vest)
Ex-Google CEO has been an avid follower and enthusiasts when to comes to cryptocurrency and blockchain technology. He has been an avid supporter of both of them ever since they have been developed and present in the market. It is allegedly said that Schmidt began focusing on Bitcoins following the suggestion of Julian Assange, the Wikileaks founder as mentioned by Captain Alt Coin.
Blockchain ledger technology hyped or not has to be left for the time to decide but for now, it is sailing aka trending very well in the international market.
The post Blockchain Ledger Technology Iconic And Extraordinary: It Is Just A Hype? appeared first on OWLT Market.
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