This week’s episode of “WisBusiness: The Podcast” features a chat with Christopher Patterson, CEO of Madison-based Metisoft Solutions.
The discussion is about blockchain — the technology behind cryptocurrencies, smart contracts and other industry advances.
“The key characteristics of blockchain technology which makes it so valuable is its acts as a ledger to record transactions in a which that is immutable — you can’t change them after the fact,” he said. “It’s distributed, so not just one computer or one organization has access. And it also provides a means of trust in an environment that might otherwise be trustless.”
He discusses how blockchain can be used in supply chain management and other spaces; he also gives his take on where blockchain is headed.
“There is a lot of talk about blockchain disrupting established financial industries, and I can see that happening — in the far future,” he said. “Not in the next five years, because in the next five years the technology is still going to be maturing; it’s going to be finding its place in the world.” Listen to the podcast here.