Article

Fintech and Blockchain for Senior IT Managers

Posted December 12, 2016 in Business Technology & Digital Transformation Strategies, Data Analytics & Digital Technologies, Digital Transformation & Innovation Bootcamp Cutter Business Technology Journal
Figure 2 — Mining blockchains, blocks, and transactions

Blockchain is most simply defined as “the first native digital medium for value, just as the Internet was the first native digital medium for information.” Blockchain has gained great attention, investment, and development because it addresses two of the riskiest aspects of life and business on the Internet: transactions and trust. We’ve long recognized the security, privacy, and trust issues that plague the Internet, and since the early 1980s technologists have been working on a solution. For transactions, intermediaries have made possible the trust and security needed to complete transactions and until now have been the best method for completing transactions with trust. However, as we know, security has unfortunately been a weak point, with data breaches leaving individuals’ personal and financial information vulnerable and putting trust at risk.

About The Author
Steven Kursh
Steven Kursh is Executive Professor at the D’Amore-McKim School of Business, Northeastern University, where he conducts research in fintech and financing businesses, and the founder of Software Analysis Group. Dr. Kursh is a former Senior Consultant with Cutter Consortium's Business Technology & Digital Transformation Strategies practice. He has extensive experience in software development, software project management, contract performance,… Read More
Arthur Schnure
Arthur Schnure, PE, MCSD, PMP, is an independent technical consultant focused on large Web-based apps for healthcare, health insurance, and cloud and noncloud architecture and performance. Mr. Schnure’s software startup background provides real-world, practical expertise needed to address the growing challenges in fintech applications. He can be reached at aschnure@gmail.com.
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