By the standards of most technologies, blockchain ought to still be in its infancy. The modern computer, for example, has been around for over 80 years. Cloud computing is still gaining market share in many industries, despite having been around since 1996.

Yet the blockchain industry has matured at an unprecedented rate. After an explosion of interest and innovation in the first few years, business leaders are now becoming familiar with the technology’s strengths and are clarifying their ideas about where and how to implement it.

In response, the industry is consolidating as it becomes clear which models are meeting the enterprise need. 2020 is going to be an important year for enterprise blockchain to capitalise on this consolidation via real-world network deployments. We at R3 are organising ourselves around one mantra to help make this a reality: “simplify, connect, transact.”

 

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Full Text: tradersmagazine


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