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ARTICLE · 29 JUNE 2018

Overhauling Industries Through Blockchain Technology

Ganado Advocates
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Blockchain technology is poised to transform many industries. Several new initiatives, such as Clovyr, focus on dApp or decentralised applications.

MaltaTechnology
James Debono
James Debono
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This article was first published in the Times of Malta (22 June 2018) and is co-authored by James Debono (GANADO Advocates) and Michael Kelley, founder and CEO of SEMNexus.

Blockchain technology is poised to transform many industries. Several new initiatives, such as Clovyr, focus on dApp or decentralised applications. Although the definition of dApp development" is still subject of debate, it can be identified as a novel concept of open source applications which, unlike the day-to-day applications we all use (such as Twitter, Facebook or Gmail), do not feature a single point of failure.

The main rationale behind this characteristic of dApps is that their back-end is run on a distributed ledger technology and thus their function and operation does not depend on the interpolation of an intermediary.

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