.png){kind=logo}
- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
Blockchain is a technology with an exceptionally varied set of potential uses. It delivers a high level of security, enables secure collaboration, and is tamper-evident. It is an alternative to many legacy systems. Blockchain technology is revolutionizing in many industry verticals, including supply chain, healthcare, and financial services. . While cryptocurrency transactions and market capitalizations have been popular in the mass media, other non-cryptocurrency institutions like social networks, entertainment, and gaming are moving to incorporate blockchain in full swing. A leader in this sector is Mary Hall, who has worked at leading technology companies including Oracle and IBM.
Mary has been working in the blockchain industry since 2015 when she was employed at IBM. She considers herself very fortunate to work alongside some talented developers and customers who were the early adopters of blockchain technology. The experience helped her understand the value of the technology for enabling real-time collaboration and sharing data with permission users in real-time.
Mary shares that working directly with customers and listening to their experiences with technology has been a game-changer. She learned a lot about using blockchain for sustainability, product authentication, expediting supply chain issues, and finally, accelerating business processes, especially in the finance industry. Mary has also worked on a few 'blockchain for social good initiatives that helped her gain knowledge of blockchain and the various ways it can help to solve societal problems, starting from tracking COVID-19 outbreaks to developing health monitoring for individuals and sharing those with medical personnel and caretakers via mobile applications.
"There have been some great initiatives carried out to verify the authenticity of goods to stop consumers from being deceived by fake products, whether they are fashion items or food products. With blockchain applications, consumers can now scan bar codes on products to get detailed descriptions of ingredients and their authenticity using mobile apps," adds Mary.
Blockchain was a brand-new technology when Mary started working on it in 2015. There were a lot of misconceptions about the value of blockchain implementations and how long it would take for a proof-of-concept to be set up and achieve measurable goals. She always recommends that implementers should initially start with developing a business plan with goals before they start working on blockchain projects. "It is also essential for C-Suite and developers to work together on building that plan so there is organization agreement on the goals they want to achieve before they start the project," notes Mary.
Mary has a true passion for blockchain technology and an involvement with the users of the tech. She has written blogs and uses cases to share the real-world results and benefits of using blockchain. Her communication skills have made her an early evangelist in the benefits of blockchain She has spoken at leading events (SXSW) and is an active user of social media. These platforms have been an essential way for her to share her knowledge with others in the tech community.
Mary believes that blockchain is one of several transformational technologies that have accelerated the pace of innovation. With blockchain hosted in the cloud, more users can collaborate wherever they are in the world and share data with the appropriate permissions. Blockchain and artificial intelligence can be intertwined to deliver better customer service in a variety of industries. Blockchain makes reliable data available, and AI can help automate decision-making based on that data. "It is a very powerful combination," states Mary.
Mary thinks that the adoption of blockchain and cryptocurrency technologies is going to continue and expand further, especially as the pandemic has accelerated the use of online, digital systems, and mobile applications. "Blockchain is changing the way we do business and is transforming the methods of payments and transactions for the future. It is also changing the ways consumers evaluate and buy products," expresses Mary. Nowadays, customers can verify the ways their clothing and food are prepared, and if it does not meet their standards, they can adjust by buying different products that meet their values. "With blockchain systems, organizations can eliminate paper-based processes and leverage legacy systems so that reliable data can be accessible and easily shared among permissioned parties," says Mary.
Mary advises the emerging leaders and entrepreneurs to stay close to customers and participate in blockchain consortiums, including Hyperledger and others. "It is crucial to keep learning and understanding use cases" expresses Mary. She also adds that it is absolutely important to stay up to date on the current industry developments.
