A new book by Northeastern professor of International Business and Strategy Ravi Sarathy, “Enterprise Strategy for Blockchain: Lessons in Disruption from Fintech, Supply Chains, and Consumer Industries,” explores the whys behind this reticence and offers solutions to the problems blockchain still presents.
As more industries make use of so-called blockchains, which are really just digital ledgers for storing data, the high-profile Ronin theft has raised new concerns about just how effective existing blockchain safeguards and protocols are at protecting the digital wallets of millions of crypto traders.
The Northeastern Blockchain Organization, founded by business administration and computer science-oriented students, plans to explore and share knowledge about blockchain technology's potential.
Only time will tell whether cryptocurrencies will become a widely accepted replacement for money despite their notorious volatility.