While blockchain is most commonly associated with cryptocurrencies and nonfungible token (NFTs), the promise of the technology in IoT has not been lost by many service providers and enterprises. In fact, 40% of enterprises surveyed say that blockchain is a “priority for the future” for their IoT deployments according to Omdia’s recent report, Blockchain’s role in IoT.
Read MoreEverest Group reports the year 2020 and Q1 2021 produced a seven-fold surge in retail and institutional investments in cryptocurrencies and related crypto assets, driven by increased investor demand, pandemic-fostered digitalization and clarity in regulatory tenets. The cryptocurrency market hovered around $2 trillion through April 2021 and is projected to reach $24 trillion by 2027. Traditional banks are realizing digital assets are the future of money.
Read MoreAs organizations prepare to welcome employees, customers and visitors back to travel, events, and workplaces they must strategize to not just reopen safely but return to capacity utilization that will provide an economic boost. Digital health credentials are expected to be pivotal in sustaining reopening and building trust.
Read MoreHealthy growth in industrial blockchain revenues results from the few applications that have not been impacted significantly by the volatility of the broader blockchain market in the last two years. Despite, global blockchain revenues falling 35% between 2018 and 2020, industrial blockchain revenues specifically have grown by 131%. Global tech market advisory firm, ABI Research estimates 2020 revenues for this category at US$374 million.
Read MoreWorldwide blockchain revenues fell 35% between 2018 and 2020. Global tech market advisory firm ABI Research calculated the potential loss to hit US$2.8 billion. The 2018 crypto winter wiped 80% of the total aggregate market cap, and since then, more than 2,000 cryptocurrencies have collapsed.
Read MoreIn the immediate wake of COVID-19, Global 2000 companies moved to slash funding for emerging technologies, such as automation, artificial intelligence (AI), blockchain, and 5G, according to new KPMG International research. However, many executives are optimistic emerging technology spending will likely increase in the next 12 months
Read MoreThe global aviation blockchain market is expected to grow from $420 million in 2019 to $2.12979 billion by 2027, at a CAGR of 22.5% during the forecast period 2020-2027 according to a new study conducted by Fior Markets.
Read MoreBy the end of 2024, 75% of organizations will shift from piloting to implementing Artificial Intelligence (AI). This is one of the top 10 data and analytics (D&A) technology trends for 2020 that analysts at Gartner say will help organizations prepare for a post-pandemic reset.
Read MoreGartner, Inc. defines a strategic technology trend as one with substantial disruptive potential that is beginning to break out of an emerging state into broader impact and use, or which is rapidly growing with a high degree of volatility reaching tipping points over the next five years.
Read MoreIn the past year, blockchain has become a controversial global phenomenon, with the technology perceived as either a solution for whatever ails society or “rat poison squared” as Warren Buffet describes Bitcoin. In 2018, we are witnessing the launch of blockchains carrying commercial traffic and moving beyond proof-of-concept (PoC) demonstrations, though the selected applications have yet to demonstrate the capacity and scale of credit card networks. Blockchain-powered international trade finance coming online is just one example.
Read MoreNew research by Juniper Research found that the number of cross-border transactions recorded on the blockchain will surge to 1.3 billion by 2023, a CAGR of 82% over the next 4 years. The value of transactions recorded on the blockchain will thus reach an unprecedented $3.4 trillion; a CAGR of 87% over the next 5 years.
Read MoreNew research by Juniper Research found that annual revenues from blockchain retail asset tracking will leap to $4.5 billion by 2023. While anything from gemstones to cars and healthcare can be tracked on blockchain, retail is a hotbed for the technology. Blockchain’s versatility offers retailers transparency in the supply chain, customer loyalty management and operational efficiencies, among other benefits; leading to faster adoption than in other sectors.
Read MoreEurope will be the second-largest investor in blockchain technologies, according to IDC's latest “Worldwide Semiannual Blockchain Spending Guide”. With a compound annual growth rate (CAGR) of 80.2 percent for 2017–2022, Europe will increase its spending from around $400 million in 2018 to $3.5 billion in 2022, helping it to close the gap with the U.S., the biggest blockchain investor.
Read MoreWorldwide spending on blockchain solutions is forecast to reach $11.7 billion in 2022, according to a new update to the Worldwide Semiannual Blockchain Spending Guide from International Data Corporation (IDC).
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