Blockchain technology opens new doors for all industries - Latest SportsPodium News Article.

Here is link to the latest SportsPodium traditional media article. We will be featured in more and more news articles very soon. We will also be hosting the media in a media roundtable on the 22nd of June.

The introduction of blockchain technology has the world as we know it shifting at a rapid pace. Since its arrival in 2009 the technology has been met with immense demand, both for development and commercialisation, and in the coming years, the list of industries seeking to benefit from blockchains to improve their efficiency will only increase.

“This safeguards any changes made to the distributed ledger or database as they require public consensus among many participants. In industries where transparency is vital, this is just one of many attributes that will make the Blockchain difficult to ignore,” says Jaco Rossouw, CEO of SportsPodium, a South African start-up using blockchain technology to disrupt and improve the sporting industry.

“Smart Contracts, which allow for the execution of credible transactions without third parties, may be one of the best innovations to come from blockchain technology. They create decentralised trust between many parties, and eliminate the need for cumbersome fees to intermediaries or middlemen. It will take time, but at the end of the day blockchains will undeniably become faster, cheaper, and more secure than traditional systems.”

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