Bitcoin hasn't been doing well for some time now, and the mainstream media seems obsessed with that fact. Many of the various altcoins are bleeding value as well, which is a major source of stress for anyone who has their savings locked up in digitized tokens. You might think this means the writing is on the wall as far as blockchain technology is concerned.
Countless businesses are now using code originally designed for Bitcoin to do some amazing things. Talented engineers all over the world are studying to become blockchain developers. Legitimate institutions that wouldn't have ever invested in Bitcoin are now offering educational resources to help programmers achieve their goals.
New Personnel Learn the Ropes
Journalists have focused on unlawful uses for cryptographic ledgers while ignoring how blockchain technology can provide immutable payment records and validate smart contracts. A recent IBM case study showed how blockchain systems can issue certificates of authenticity for those who work in the diamond industry. The company has gone so far as to provide a limited edition of Blockchain for Dummies to interested parties in the hopes that even the greenest users can realize the benefits of this technology.
Programmers who want to further their careers have found that this kind of training looks great on a resume. Earning a blockchain certification is an excellent way to get a foot in the door of a growing industry.
Transparency in Accounting
Progressive firms that adopt blockchain technology can experience growth without ever taking a look at exchange prices. Accounting departments in particular can benefit from increased levels of transparency ushered in by blockchain software. Precision and accuracy is paramount when dealing with large sums of money.
Ledger-based accounting apps make all transactions visible to approved users. Auditors don't have to do as much work to validate transactions since any anomalies are painfully obvious when the books are this transparent. Companies that have had security problems due to embezzlement or so-called creative accounting can stop them dead in their tracks. One organization has even decided to use cryptographic ledgers to manage lottery drawings.