What is blockchain technology and what is its impact on entrepreneurship?

Blockchain appears to be one of the trendiest technologies during recent years of the Fourth Industrial Revolution. A lot of hype around this technology has created wide spread debate about it's applicability and value. Its origins stem from the work of academic researchers in 1991 who were trying to solve for secure storage of digital information. However, its popularity emerged during 2009 when an anonymous character named Satoshi Nakamoto applied it in the creation of a cryptocurrency called Bitcoin.

Various industries such as banking, healthcare and logistics are benefiting from the evolution of blockchain technology into digital smart contracts. Trust and decentralisation are the key qualities of blockchain technology which are paving the way to a new standard of digitalisation. Businesses in various industries are able to optimise operating activities through a new frontier of efficiencies resulting from blockchain.

VOW FM host Harvy T, chats to Kevin Ssemwogerere who is a Chartered Accountant and Tech Business Enthusiast, on the AreaCode show, to hear his independent opinion on Tech Business Insights. Kevin discusses what blockchain is and its impact on entrepreneurship.