Trends Identified
Blockchain
2017
2017 technology trends - Increasing stratification and changing competitive dynamics
PWC
Blockchain
Blockchain is evolving from a digital currency infrastructure into a platform for digital transformation. Blockchain and other distributed-ledger technologies provide trust in untrusted environments, eliminating the need for a trusted central authority.
2017
Top 10 Strategic Technology Trends for 2018
Gartner
Blockchain
In theory, Blockchain could disrupt any transaction that requires sharing a document or contract. Financial firms are most likely to see disruption because Blockchain’s shared-ledger approach could dramatically affect the time, cost and complexity around how transactions are recorded and how custodial business is done, says DeLaney
2017
5 big disruptive trends investors should watch
Morgan Stanley
Blockchain
A blockchain is a distributed digital database or, more broadly, a digital ledger that uses software algorithms to record and confirm transactions with reliability and anonymity. The record of events is shared between many parties and information once entered cannot be altered. Blockchain has the potential to usher in an era of autonomous digital commerce.
2017
The Essential Eight - Your guide to the emerging technologies revolutionizing business now
PWC
Blockchain
Blockchain is a database that allows the transfer of value within computer networks.
This technology is expected to disrupt several markets by ensuring trustworthy transactions without the necessity of a third party. The proliferation of this technology is, however, threatened by technical issues that remain to be resolved.
2016
OECD Science, Technology and Innovation Outlook 2016
OECD
Blockchain
The fortunes of digital currency Bitcoin have drawn public attention to Blockchain technology, but this secure system for recording and verifying transactions and storing trusted records has the potential to disrupt enterprises of many kinds. Companies are using Blockchain technology to transform time-consuming, centralised, less reliable and less secure systems. Digital democracy platform MyVote, for example, uses Blockchain to store users' personal data and voting history to give citizens a more direct voice in the political process. Could you use Blockchain to keep your data secure?
2019
Five tech trends for 2019
University of Technology Sydney
Blockchain
Blockchain is a type of distributed ledger, an expanding chronologically ordered list of cryptographically signed, irrevocable transactional records shared by all participants in a network. Blockchain allows companies to trace a transaction and work with untrusted parties without the need for a centralized party (i.e., a bank). This greatly reduces business friction and has applications that began in finance, but have expanded to government, healthcare, manufacturing, supply chain and others. Blockchain could potentially lower costs, reduce transaction settlement times and improve cash flow. The technology has also given way to a host of blockchain-inspired solutions that utilize some of the benefits and parts of blockchain. Pure blockchain models are immature and can bedifficult to scale. . However, businesses should begin evaluating the technology, as blockchain will create $3.1T in business value by 2030. Blockchain inspired approaches that do not implement all the tenets of blockchain deliver near term value but do not provide the promised highly distributed decentralized consensus models of a pure blockchain. Read more: The CIO’s Guide to Blockchain.
2018
Gartner Top 10 Strategic Technology Trends for 2019
Gartner
Blockchain
The blockchain is not as revolutionary as artificial intelligence (AI), or as intuitive and user-friendly as voice control, but it will transform the way we handle finance, real estate, Internet of Things (IoT), the supply chain of most industries and much more. That’s why governments are rushing to incorporate it in every sense they can; they know the high cost of falling behind on this.
2018
2019 Tech Forecast: 11 Experts Predict The Next Wave Of Breakout Technologies
Forbes
Blockchain
A blockchain is a form of exchange that is permanent and transparent between parties, which does not rely on a central authority (Mulligan, 2017). The premise of the exchange is that each party on a blockchain has access and means to verify the entire database. Further, all transactions are visibly recorded across a distributed peer-to-peer network (Mainelli, 2017). Applications include the following: (a) “Smart contracts”25 are a form of a trusted third party which can automate transactions such as licencing, revenue collection and social transfers, significantly lowering costs. (b) approximately 1.5 billion people who lack it, which would otherwise leave them vulnerable to legal, political, social and economic exclusion.26 Blockchain has been used in identity management, which aids in validating individual identities. For example, Estonia offers citizens a digital identity card based on blockchain, which allows citizens to access public, financial and social services, as well as pay taxes.27 (c) Blockchain is increasingly being used in land and property registration, to validate government related property transactions, reduce paperwork and potentially to reduce property fraud. Examples of countries that are using blockchain for land registration are Ghana,28 Georgia and Sweden.29 (d) Blockchain has been piloted with WFP30 through a humanitarian aid project of cash and food assistance transactions in Jordanian and Syrian refugee camps. The aims are to reduce overhead, improve security and speed up aid in remote areas. (e) In trade finance, which is characterized by many stakeholders and largely paper-based documentation, blockchain can simplify processes, reduce settlement times, errors, fraud and disputes, and increase trust between all parties to a transaction. A group of banks has partnered with blockchain service provider IBM on implementing a new blockchain-based global system for trade finance. Similarly, IBM has teamed with another set of banks to build and host a new blockchain-based system for providing SMEs with trade finance.
2018
Technology and Innovation Report 2018
UNCTAD
Blockchain – Decentralized Trust
Blockchain is based on distributed ledger technology, which records data (transactions, files, or information) across a peer-to-peer network. Participant can see the data and verify (or reject) it using consensus algorithms. Approved data is entered into the ledger as a collection of “blocks”, stored in a chronological “chain”, and secured through cryptography. The disruptive nature of Blockchain is its ability to move control over interactions from centralized systems to distributed users. For now, legal and institutional barriers restrict a shift away from central systems but blockchain has a high disruptive potential for all trust-bound activities. Four types of blockchain are evolving: the consortium (controlled by a pre-selected group), the semi-private (a single company granting access to any user), and private and public blockchains like Bitcoin and Ethereum. Up to now the consortium model is the most accepted model for business although the technology is still unproven in a larger business context. Blockchain might make systems more transparent, potentially more democratic and help inventing new trust models. It could improve cash flow, compliance and accountability, it could lower transaction costs and reduce fraud. Furthermore, it offers a huge potential to unify flows of payments, physical goods and information in the rather chaotic relationships among untrusted parties, like in complex supply chains. Blockchain will impact organizations and businesses firstly in a first non-disruptive, incremental change, by leaving processes unchanged and realizing cost savings and process improvements. A use case will start around verifications, smart contracting, transparency and accountability, sharing and leasing models, rights, and IP and government records. The second wave of blockchain will radically restructure existing industry sectors or business ecosystems into systems of trust.
2018
Trend Report 2018 - Emerging Technology Trends
SAP