Tue, May 17, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Cisco projects $9.7bn will be spent annually on blockchain projects by 2021

Monday, March 25, 2019

Laxman Pai, Opalesque Asia:

The blockchain has the potential to hold as much as 10% of the world's GDP, said 'Blockchain by Cisco' report.

This means that several trillion dollars worth of value could be stored on both decentralized and permissioned blockchains by 2027.

Cisco also expects $9.7bn would be spent annually on blockchain projects by 2021.

Cisco cited a January report from IDC, which predicts the market for blockchain spending expanding to $9.7bn per year by 2021. This is four times what was spent in 2018, which saw $2.1bn go towards blockchain projects.

"Traditionally, institutions such as banks, governments, and corporations have played the role of managing risk to facilitate trade and commerce. Now, for the first time, organizations can use technology to manage this risk to lower uncertainty and reduce everyday transaction costs of doing business," said the report.

This transformation promises to have a significant effect on our broader economy. The transformation toward an era of a programmable economy is expected to deliver efficiencies and new business value in excess of $3tn by 2030. This will be driven primarily by improved cash flow, asset provenance, and native asset creation, as well as new trust-based business models.

Blockchain has the potential to change the rules by automating trust, increasing transparency, and simplifying business processes. Cisco pointed out that 83% of executives believed trust is the corn......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Long/short equity hedge fund with bear market experience has a winning quarter[more]

    B. G., Opalesque Geneva: Experience during a Russian bear market lasting five years enabled Christian Putz to identify certain investment patterns in the market which he now applies to his current investment strategy. London-based ARR Inv

  2. Schroders acquires European renewable infrastructure manager Greencoat Capital[more]

    Laxman Pai, Opalesque Asia: British multinational asset management company Schroders has completed the acquisition of a 75% shareholding in Greencoat Capital, one of Europe's largest investment managers dedicated to the high-growth renewable infrastructure market. The remaining 25% is owned by Gr

  3. Opalesque Exclusive: Global equity manager focuses on symbiotic value chains[more]

    B. G., Opalesque Geneva: A global equity manager has made a point of focusing on the phenomenon of shrinking supply chains and avoiding zero-sum business models. London-based Tollymore Investment Partners is a private partnersh

  4. Satori Capital intros energy transition fund, a long/short equity strategy[more]

    Laxman Pai, Opalesque Asia: Dallas-based alternatives manager founded on the principles of conscious capitalism, Satori Capital has launched Satori Environmental, a long/short equity strategy that primarily invests in securities impacted by the global energy sector's shift from fossil-based s

  5. The Big Picture: With the war, E, S, and G have collectively moved back to the fore[more]

    B. G., Opalesque Geneva: In this interview, Dr. Patrick Welton, founder and CIO of Welton Investment Partners, offers his observations on the major macro themes expected to affect the comm