Blockchain: it could be ten years before businesses start reaping the benefits of the technology
ZDNet’s Daphne Leprince-Ringuet says that after much hype, analysts say that blockchain technology is still a long way from wide scale deployment – and is currently too immature to deliver on its promises. Read more: https://zd.net/30Yvf1W
In my latest report, I also took a deep dive into four business cases, detailing how pioneering AP firms work with blockchain technology providers to drive the evolution and adoption of blockchain.
JD Cloud worked with JDD (the subsidiary of the JD Group focusing on digital technology) to transform the lifecycle management of asset-backed securities in China to protect investor benefits; Samsung SDS used blockchain to help digital banking in South Korea with integrated authentication; NTT DATA launched a trade consortium with leading Japanese firms to streamline the operation of international trade platforms, and its trial will go live this month (October 2019); and IBM has also worked with banks in Thailand to digitize letter-of-guarantee processes. All of these endeavors faced multiple challenges before adopting blockchain technology, which has helped address those issues and bring additional benefits.
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This post was written by Charlie Dai, Principal Analyst and originally appeared here.
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