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5 Blockchain Trends in 2018
The market has spoken - blockchain has entered the business applications arena with full force. Let’s check out the leading trends in blockchain for 2018.
Oracle’s 2018 Cloud Predictions Report states that 30% of blockchain proof-of-concepts will see extensive implementation across industries by 2020, and its financial impact will reach USD 176 billion by 2025.
Research by BCG revealed that one-third of deployments that combined blockchain and IoT had applications across multiple industries. The automotive and consumer sectors are leading this adoption so far.
A survey by Deloitte found that 39 percent of the respondents reported that their organization will invest USD 5 million or more in blockchain technology in the coming year. 46 percent of them are planning to invest between USD 500,000 to USD 5 million in the technology.
A Gartner survey discovered that 23 percent of CIOs said that blockchain requires the newest skills to implement within any technology area, while 18 percent said that blockchain skills are the most difficult to find.
Codemonitor survey confirmed that over 56% of developers plan to learn blockchain development in the next one year.
IDC expects blockchain spending to grow rapidly between 2016 and 2021 with a five-year CAGR of 81.2%, reaching total investments of USD 9.7 billion in 2021.