Bitcoin: The Future Currency Businesses Cannot Ignore

By Nicholas Fearn

TechWeekEurope interviews tech execs on cryptocurrency Bitcoin and its underlying technology blockchain. Dmitry Bagrov, Managing Director of DataArt UK, thinks that the potential of blockchain is yet to be determined.

“The lack of clarity in defining the ‘Bitcoin industry’ is precisely the reason there are so many differing perspectives on the future of Bitcoin. Bitcoin is fundamentally different to existing [currencies] as it employs blockchain,” he tells us.

The full capability of blockchain technology is yet to be fully realised, which is why I think it is premature to declare Bitcoin as a failure. The key thing to realise is that even if the current public blockchain system that supports Bitcoin fails, there are still alternatives.”

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