It seems that blockchain adoption is growing among traditional enterprises.
From this article https://blogs.wsj.com/cio/2018/06/26/stock-exchange-tech-providers-slow-to-embrace-blockchain/ we have some very interesting news.
For first, we have to notice a strong growth in investments in blockchain. Enterprises are developing the skills needed for integrating blockchain into their internal data sysyems
International Data Corp. estimates that global corporate spending on blockchain software among all industries will reach $2.1 billion this year, up from $945 million in 2017, led by ramped up spending by distribution, retail and manufacturing firms.
Of course, Research and Developement of a new technology is a really hard question, and these 2.1 billions are largely invested by great enterprises. Another problem can be the lack of internal skills. Also, there are many new technologies (cloud computing, robotic process automation, AI) and, among these, blochchain is still the less used:
Only 5% have deployed some form of distributed ledger technology, while 20% have “no plans” to develop on or implement it, the study found.
Though 70% said they are working on pilot projects, another 5% said they lacked the expertise to do so. That compares to some 40% using cloud computing, 70% using robotic process automation, and 35% that are leveraging artificial intelligence.
There is also another very important question to remember: while this is very great for blockchain adoption and contributes to create a movement for getting a better crypto regulation.
But, for crypto investors, this process can be very risky. Great enterprises have all the resources to challenge the biggest cryptocurrencies - in terms of developement funding, for example, or marketing.
Also, these competitors issue stocks. Not tokens. So, if they challenge existing cryptocurrencies, they can shrink what today we define as crypto market.
So, well, this is great. But, maybe, for crypto investors it can be a very dangerous adventure.
Of course, these enterprises don't mean "blockchain" as "free, decentralised governance model" - just as, for example, bitcoin miners and nodes. It is only another model for high-technological intensive business. It is not a question of decentralization. Remember this small detail!
And you? What do you think about enterprises adopting blockchain? What are, in your opinion, the most promising sectors for blockchain adoption? Comment and share your opinions!
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Interesting article! Thanks for sharing.
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