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Blockchain: Transparency and Business Process Improvements Spur Investments

Home › Blockchain › Blockchain: Transparency and Business Process Improvements Spur Investments

By Dick Weisinger

People are spending real money on crypto currencies and tokens. The business around crypto has ballooned over a short period of time.  IDC says that blockchain spending for services in 2018 will grow from $1.8 billion to $8.1 billion by 2021.

Swati Chaturvedi, market analyst at IDC, said that “financial services is the overwhelming forerunner in deploying a collaborative approach to blockchain adoption. However, discrete manufacturing and retail industries will not be far behind; given the fact that manufacturers & retailers will be given enhanced visibility, accountability and transparency on the global supply chain level and industrial processes. This level of enhanced verification will lead to blockchain’s quick adoption.”

Stacey Soohoo, a research manager in Customer Insights & Analysis at IDC, said that “2017 was the year of experimentation as enterprises realized both the benefits and challenges of blockchain. 2018 will be a crucial stage for enterprises as they make a huge leap from proof-of-concept projects to full blockchain deployments. “

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March 30th, 2018
Category: Blockchain
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