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[CUBE NEWS] The Future of Blockchain 3. Utilization of Blockchain Technology | 블록체인의 미래 3. 블록체인 기술의 활용 현황

3. Utilization of Blockchain Technology
So how long will it take for blockchain technology to become widely used in our society? Experts predict that it will take more than five years for blockchain technology to peak in most industries. Gartner, a U.S. IT market research and consulting firm, said in its 2017 Blockchain Heap Cycle report that the market and public interest in blockchain-related technologies such as distributed ledgers, virtual currency wallets and consensus algorithms are at its peak. In addition, most IT consulting agencies predict that blockchain technology will reach the peak of innovation in two to three years, and be commercialized in five to 10 years, so that stable services can be delivered around 2025. Among the areas where blockchain technology can be used especially effectively are financial areas such as banks and investment services, health care including insurance and health care, logistics and distribution sectors and public services.
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[Cube Intelligence on Smart Cloud Show 2018]







Richard Biggs, the CEO of Cube Intelligence had a speech session at [Smart Cloud Show 2018], the biggest tech conference in Korea.


Hosted by the Ministry of Science and ICT, Seoul Metropolitan government, and sponsored by Chosun Biz and the National IT Industry Promotion Agency, the Smart Cloud Show 2018 was held at Westin Chosun Hotel in Seoul for two days on September 19th and 20th, 2018.


Richard Biggs presented the future of smart city where cities are connected by technologies in the fourth session – “Shared Economy: Meet the Blockchain”, on the very first day of the event. Richard Biggs had presented about changes in mobility and transportation focusing on blockchain based autonomous vehicle technology that Cube Intelligence is developing.

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