Penrhyn TMT Group looks at the disruptive potential of blockchain technology and what is means for business

Penrhyn's Technology, Media and Telecommunications (TMT) Group publishes its latest paper “Blockchain, disruption and changing talent needs” which explains how the application of blockchain technology has the potential to disrupt business models across many industries.

There is growing awareness of the potentially transformative power of the blockchain, a digital database that stores, manages and transmits a growing list of records known as blocks.

Blockchain technology is set to create new opportunities and reshape business models in a similar way that social media and technology have transformed and disrupted industries and changed the way we interact with the world by bringing us smartphones and companies like Amazon, Facebook and Google.

Yanouk Poirier (TMT Group Chair) comments: “Businesses should be preparing for blockchain technology now and ensuring they have leaders in place with the capability to harness the wealth of opportunities offered by this fast-developing new reality.”

Authored by TMT Group’s Yanouk Poirier and Michael Zinn, the article also includes a Q&A with security, technology and business strategy expert Gilbert Verdian, who discusses with TMT Group member David Goldstone the transformative power of the blockchain on the banking sector in particular.

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