Blockchain Could Be Used By At Least 50% Of All Companies Within 3 Years, Oracle Exec Says

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Blockchain could be used by at least 50% of all companies within 3 years, says Oracle exec at the ForbesCIO Summit

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“My projection is that between 50% and 60% of companies will use blockchain in the next few years,” said Frank Xiong, Oracle's group vice president of blockchain product development at the Forbes CIO Summit in Half Moon Bay, California, Monday. Blockchain is a kind of shared database that allows users to share identical copies of information on many computers. In the past few years, it's gone from largely supporting virtual currencies like bitcoin to a tool used by companies to more closely and accurately track products or private information that pass through many hands.

In deciding whether to use blockchain, companies should do a pain point assessment, two executives said. Like any venture, they should figure out if it's worth the cost.

 

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MustacheTommy OriginTrail is a standard to help integrate companies into the blockchain on Oracle Worth buying?

Around 2012-13, I researched + wrote about cryptocurrencies, but flagged blockchain as the most interesting aspect of its development. Been fascinating to watch. While the transaction processing capacity of bitcoin need to dramatically increase, the potential is there for more.

MustacheTommy 2ez28u

MustacheTommy Rini3b1

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Blockchain Could Be Used By At Least 50% Of All Companies Within 3 Years, Oracle Exec SaysIt’s been a decade since the idea of blockchain surfaced. It has more recently begun to be used by large enterprises but mass utilization is still a while away, use cases are contributing to slower adoption. 👀
Source: Forbes - 🏆 394. / 53 Read more »

Blockchain Could Be Used By At Least 50% Of All Companies Within 3 Years, Oracle Exec SaysIt’s been a decade since the idea of blockchain surfaced. It has more recently begun to be used by large enterprises but mass utilization is still a while away, use cases are contributing to slower adoption.
Source: Forbes - 🏆 394. / 53 Read more »