Blockchain is a revolutionary technology, and it has the world’s business leaders talking. The distributed ledger system will change the way companies handle online payments, contracts and logistics.
But so far, there has been little conversation about how blockchain will help businesses increase their revenue. This is another benefit the technology will bring, as soon as businesses realize they can use it to buy and sell enterprise data without an intermediary like Amazon or Facebook.
Data is the most valuable commodity in business today, but so far only Internet giants can monetize information about customers and potential customers. Businesses are willing to pay handsomely for information, and Internet companies have been the only trusted sources for legitimate data.