Dec 18, 2020 . *Gartner, Magic Quadrant for Content Services Platforms, Michael Woodbridge , Marko Sillanpaa , Lane Severson , 16 November 2020 . In a movement called "practical blockchain," Gartner expects by 2023 "blockchain-inspired technology" will underlie the movement and tracking of $2 trillion of goods and services every year. However, the entry of large global HCM vendors into blockchain consortiums has finally paved the path to mainstream adoption. Yesterday, Gartner published an article saying that 80% of supply chain blockchain initiatives will remain at proof-of-concept or pilot stages through 2020. SMART CONTRACTS are blockchain-based self-executing contracts and possess the same characteristics as the technology framework they’re built on including transparency, traceability, and immutability. In this exceptional year, it includes technologies that will enable companies to regain society’s trust in the technology. Gartner subscribers can access the full report here. through a and services with confidence. Steve Kaaru . BLOCKCHAINS haven’t had the easiest time over the past decade or so. Blockchain tech picking up in 2020, Gartner finds. Join the If Gartner is right, interest in the asserts that a technology officially entering the “Slope Choose business IT software But blockchain isn't just — Purchase Bitcoin expectations” Gartner: Blockchain will community. Blockchain technology will permit the banks to minimize excessive bureaucracy, conduct faster transactions at lower costs, and also to improve secrecy. Research and advisory firm Gartner listed blockchain as one of the top ten strategic technologies for 2020. Gartners 2020 strategic predictions examine how technologyfrom ai to cryptocurrency and online shoppingis changing how we live and how cios can adapt. Gartner chose to move AI-related C&SI services, AutoML, Explainable AI (also now part of the Responsible AI category in 2020), graph analytics and Reinforcement Learning to … According to Gartner… Practical Blockchain; By 2023, Gartner predicts that blockchain-inspired technology will support the global movement and tracking of $2 trillion of goods and services annually. The technology shot to fame when valuations of Bitcoins, the cryptocurrency powered by blockchain technology, made it an interesting investment. This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. In other words, starting with the technology and looking for a solution rather than the […] Undoubtedly, global research firm, Gartner, had listed Blockchain as a top strategic technology for 2020. Latest News; Op-Eds; Press Releases; About; Advertise; Publish Press Release; The Satoshi Revolution ; Blockchain. This outlay was in part down to the sector’s “overly ambitious scope and a misunderstanding of how blockchain could, or should, actually help the supply chain,” said Gartner Senior Principal Research Analyst, Alex Pradhan. The U.S. 2020 election highlighted the fact that U.S. voting systems are antiquated, difficult to audit, and in dire need of an upgrade. The Gartner Blockchain Study Gartner's study says the following: “By 2021, 90% of current enterprise blockchain platform implementations will require replacement within 18 months to remain competitive, secure and avoid obsolescence." This year’s survey by the research institute again lists technologies that will have a significant impact on the economy, society and people over the next five to ten years. Gartner’s 2020 Market Guide for Public Cloud Managed and Professional Services Providers, Asia/Pacific(DD Mishra et al., 19 Oct 2020) can be downloaded here. Learn more about Gartner’s 2020 Predictions in the Special Report “Predicts 2020: Barriers Fall as Technology Adoption Grows.” *For Editors Smart contract: A computer program or protocol, typically running on a blockchain, that facilitates, verifies or executes business processes triggered by events, on-chain transactions or interactions with other smart contracts. But Burke said the key word in that prediction is “inspired,” as most of these solutions won’t support the full blockchain technology. Gartner research from last year predicted that by 2023, 90 percent of initiatives in the sector would suffer “blockchain fatigue” due to a lack of strong use cases. The researchers stated that while the cryptocurrency hype may be finally settling, blockchain is at its peak. Gartner Inc., the world’s leading research and advisory company, predicts that by 2023, organizations using blockchain smart contracts will increase overall data quality by 50 percent, and trim data availability by 30 percent. * Gartner “Cool Vendors in Blockchain Business” by Avivah Litan, Adrian Leow, Nadine LeBlanc, 19 May 2020. March 2-4, 2020: Dubai. Gartner, Inc. (NYSE: IT) is the world’s leading research and advisory company and a member of the S&P 500. Gartner, Blockchain Trials Show Business Executives Drive Focused Solutions to Production, Susanne Matson, Chrissy Healey, Alexandra Chavez, David Groombridge, 12 November 2020. Blockchain technology will enable banks to diminish inordinate administration, lead quicker exchanges at lower costs, and improve its mystery. The net impact is a positive result for data and analytics (D&A) Return on Investment (ROI). Blockchain is perhaps the most hyped technology on the planet, but is it living up to all this hype? 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