Experts are suggesting that the blockchain is doing well to no longer be associated exclusively with controversial cryptocurrencies. This is clear from a recent survey by the consulting firm Deloitte, which also highlights that 86% of the executives who participated in the study believe that these systems have enormous business potential.
Its eventual usefulness in obtaining valid information among large volumes of data is mitigating the misgivings, and even rejection, of previous years. Along these lines, IBM technicians have declared that blockchain is ideal for transparently sharing material stored in a virtual ledger that can only be safely accessed by authorized members of a network.
IBM engineers refer to tracking “orders, payments, accounts, or production.” Since all the details of any transaction are instantly shared, group members have “a coincident view of the truth,” company spokespersons add. Under the tutelage of Brian Gorman, from GSMA, the association that promotes Mobile, representatives of companies such as J.P. Morgan, Telcoin and Mento Labs discussed these issues at the 2024 edition of the Mobile World Congress (MWC) in Barcelona, ??which indicates the relevance given to the issue.
Analysts at the World Economic Forum maintain that 10% of the planet’s gross domestic product could be stored according to this formula in 2025. Digital advisor Bernard Marr highlights the ease with which blockchain can be linked to artificial intelligence (AI), the machine learning or robotics, among other “transformative technologies”. In his opinion, only a correct combination will guarantee the “protection” of corporations and clients in the future.
The blockchain market did not reach 5 billion euros in 2021; It is estimated that in 2026 it will rise to 67.4 billion. Since the dotcom boom in the 90s, growth like this has not been seen in the sector. For this reason, some observers recommend caution, an attitude that does not seem to be in abundance during the celebration of global events such as the MWC. Luckily, time always brings serenity.
And the latest Mobile calls, even taking into account the readjustments introduced by the organization of the meeting due to the covid-19 pandemic, have served to capture, course by course, what the climate of opinion is about one of the most controversial technologies of the fourth and fifth industrial revolutions, that is, the blockchain. After a setback due to the supposed bursting of the bubble, the general consideration has been more positive this year.
