{"id":8195,"date":"2018-03-30T07:00:33","date_gmt":"2018-03-30T15:00:33","guid":{"rendered":"http:\/\/formtek.com\/blog\/?p=8195"},"modified":"2018-02-09T08:27:22","modified_gmt":"2018-02-09T16:27:22","slug":"blockchain-transparency-and-business-process-improvements-spur-investments","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/blockchain-transparency-and-business-process-improvements-spur-investments\/","title":{"rendered":"Blockchain: Transparency and Business Process Improvements Spur Investments"},"content":{"rendered":"

People are spending real money on crypto currencies and tokens. The business around crypto has ballooned over a short period of time.\u00a0 IDC says that blockchain<\/a> spending for services in 2018 will grow from $1.8 billion to $8.1 billion by 2021.<\/p>\n

Swati Chaturvedi<\/a>, market analyst at IDC, said that<\/a> “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.”<\/p>\n

Stacey Soohoo<\/a>, a research manager in Customer Insights & Analysis at IDC, said that<\/a> “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. “<\/p>\n

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People are spending real money on crypto currencies and tokens. The business around crypto has ballooned over a short period of time.\u00a0 IDC says that blockchain spending for services in 2018 will grow from $1.8 billion to $8.1 billion by…<\/span><\/p>\n

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