5. Blockchain Ecosystem Infrastructure
How is Blockchain revolutionizing digital infrastructure?
On June 3rd, 2024, the Berkshire Hathaway stock briefly plummeted in value by almost 100%, taking the market cap of the company from $900 billion to below $1 billion. This turned out to be a technical glitch caused by the Consolidated Tape Association, the company responsible for providing live ticker data to the NYSE.
A technical miscommunication made by one company caused hundreds of billions of dollars to briefly vanish into thin air.
This is not the first instance of such an event occurring, and it will likely not be the last.
How can blockchain be used to fix critical Internet infrastructure issues that plague the Web today?