Faculty of Engineering and Sciences will hold a free masterclass “Tracing the future: impact of blockchain in today’s organizations”

The size of the global blockchain technology market was valued at $10.02 billion in 2022 and is expected to grow at a CAGR of 87.7% between 2023 and 2030. Don’t miss this free masterclass and online, today May 11.

Andrea Riquelme, Journalist.- The Faculty of Engineering and Sciences will hold a masterclass “Tracing the future: impact of blockchains on today’s organizations”, by Eric Donders, master’s degree in information security and academic director of the Business Applications Course in UAI blockchain ecosystems, in addition of director of NewKey. The activity is free and online, on Wednesday, May 11, at 6:30 p.m.

“Blockchain technology has the potential to significantly impact organizations in a number of ways. Some of the major impacts of the technology include; strengthen information security, greater process efficiency, improve transparency, establish new business models and promote the decentralization of applications and services,” said Donders.

According to indicators from Grand View Research, the size of the global blockchain technology market was valued at $10.02 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 87.7% between 2023 and 2030.

In terms of security, the technology provides a transparent and tamper-proof platform for storing and sharing data, reducing the risk of data breaches and other types of cyberattacks. As to efficiency, technology automates processes and reduces the need for intermediaries, which helps organizations save time and money. In transparency, the technology provides an auditable record of transactions, helping to build trust and accountability, which can be particularly important for organizations operating in industries such as finance, healthcare, and the public sector. As to new business models, this technology enables new business models and revenue streams. and finally in decentralizationtechnology helps reduce the power of centralized organizations and promote greater participation and collaboration among stakeholders.

Overall, the technology has the potential to fundamentally transform the way organizations operate by improving security, increasing efficiency, enhancing transparency, enabling new business models, and promoting decentralization.

Registration open at: https://bit.ly/3HzEv4O