Did you know that Blockchain and 5G work together?
Have any of you been exposed to this partnership?
Are you using it now? What are your experiences?
There is no shortage of emerging technology applications and tools that are rapidly moving from the realm of science fiction to practical reality. Self-driving cars, the internet of things, smart devices for both individual and institutional use, digital twins of physical devices, and all kinds of other new ideas are quickly becoming mainstream.
That said, and no matter what specific tool is being examined, all of these new ways of doing business are dependent on the information that is being communicated. Put simply, data needs to flow in real-time, and do so in a manner that is encrypted or otherwise deemed trustworthy.
What is your reaction?
If blockchain had not already been invented or thought of, it would certainly be in development to address these needs. Taking a step back from the specifics of blockchain, it makes perfect sense that in order for this array of new inventions, products and services to operate as advertised, and create the economic growth that is predicted, the information that underpins these inventions must be secure.
A smartphone malfunctioning might represent an inconvenience, but if self-driving cars are hacked or other industrial devices connected to a 5G network are hacked, it can very quickly become a dangerous situation for all parties involved.
While a full-fledged blockchain policy might still be a pipe dream at this point, there are several specific components of the 5G economy that are directly dependent on successfully implementing and integrating blockchain.