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.
Finance
Many foreign b…
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.
Finance
Many foreign b…