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​Blockchain will become a transformational process for most industries - Gartner

2019-09-17 09:41 am | Resource: News Section | No Views : 23

​Blockchain will become a transformational process for most industries - Gartner Gartner, the IT services management giant, predicted that Blockchain will become a transformational process for most industries over the next 10 years.
Gartner made the remarks in a press release accompanied by his 2019 research on the Noise for Block chain, which was published last Thursday, September 12.
The Hype Cycle report tries to provide "an overview of how Blockchain capabilities evolve from a business and maturity perspective across industries".
David Furlonger, vice president of research at Gartner, said:
Although they are still unsure about the impact of block chain technology on their business, 60% of IT managers at the Gartner 2019 CIO Agenda Survey said they expected a certain level of block chain technology adoption in the next three years. The current digital infrastructure of organizations and the lack of clear block chain governance are limiting information departments to gain full value with Block chain. ”
These data show how the market has changed when compared to the survey results published by Gartner in May last year, when only 66% of CIOs knew about Block chain technology but only 22% planned to use it.
In each release, approximately 18% of the CIOs say they have adopted or plan to employ some form of block chain technology within the next 12 months. Another 15% plan to do so in the next two years.
Furlonger commented:
"We see Block chain in many key areas of banking and investment, focusing primarily on the allowed ledger. We also expect continued developments in the creation and acceptance of digital codes. However, significant work in technology-related areas must be completed."
Gartner also noted that the block chain industry is deploying solutions that allow “users to create their own tokens to support competition design as well as to enable virtual commodity trading”.
Christophe Ozoro, executive director of Gartner Research, noted:
"High user volumes and rapid innovation make the gaming sector a test ground for the innovative application of the block chain.

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