Blockchain, provider of digital currency and distributed ledger software, has been announced as a Virgin Media Business ‘Disruptor 10’ in the Sunday Times Fast Track, where ten companies are recognised for having a business model, product or service that is creating a new market, or transforming existing markets and rapidly taking market share from competitors.
Peter Kelly, Managing Director of Virgin Media Business, said: “Disruptors like Blockchain are re-writing the business rule book. The success of Blockchain and the other disruptors on our list shows how digital has progressed in just one generation and is the now the backbone of successful companies who are taking market share away from companies who are less digitally focussed,”
Blockchain reportedly impressed the researchers with its potential to significantly disrupt and re-engineer the global financial system as we know it today. Blockchain also proved it has the ability to scale and the momentum in place to become a disruptive force in the global financial system. Its platform hosts 10m Bitcoin Wallets and it services 50% of all the crypto-currency’s global transactions. The company also secured a sizable $31m in 2014.
Peter Smith, Blockchain CEO and Co-Founder, recently told the researchers that his vision is to: “make it as easy as possible for people to do business with each other, which means making it as easy to transfer value as it is to communicate.”