World Economic Forum Survey Projects Blockchain 'Tipping Point' by 2023
The World Economic Forum (WEF) has identified blockchain technology as one of its six mega-trends in a new report broadly aimed at outlining the expected transition to a more digital and connected world. Compiled by the WEF's Global Agenda Council on the Future of Software and Society, the report included the results of a survey of more than 800 information and communications executives and experts. Perhaps most notable among the poll's findings is that those surveyed believe the "tipping point" for government use of the blockchain will occur by 2023. For purposes of the survey, blockchain....
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Introduced in 2009, Bitcoin adoption has gradually increased across the world. However, the levels of adoption hasn't reached the threshold numbers to reach mainstream yet. In order to enter mainstream economy, the bitcoin user base has to touch the threshold level. According to a recent survey conducted by the World Economic Forum, bitcoin will reach its tipping point by year 2027. The survey focuses on six different trends, referred to as Megatrends. These six different categories include: Software and Services. People and Internet. Computing, communications and storage. Internet of....
It may take at least eight years for blockchain technology to reach its so-called tipping point, according to a survey conducted by the World Economic Forum. In their report titled "Deep Shift: Technological Tipping Points and Societal Impact" the organization identified the blockchain or the distributed ledger of bitcoin transactions as one of the six largest trends to transform the digital world. The report was compiled by the WEF's Global Agenda Council on the Future of Software and Society and comprised a survey of more than 800 information and communications executives and experts.....
A survey by the World Economic Forum says the tipping point for bitcoin and blockchain adoption will happen by the year 2025. The majority of 800 executives and experts surveyed by the World Economic Forum (WEF) put the 6-year-old currency bitcoin, as well as the underlying blockchain technology, 10 percent of the world's Gross Domestic Product (GDP) running through the two technologies by 2025. The WEF was a bit more cautious with its own prediction and put 2027 as year they would reach the "tipping point." The WEF described the use of apps such as Smartcontracts.com, a website that....
In a survey report published by the World Economic Forum, titled “Deep Shift Technology Tipping Points and Societal Impact,” respondents were polled about tipping points related to technology and when they thought they would occur. According to the survey, Robots and Services are expected to occur in 2021, 3D Printing and Human Health expected in 2023 and Driverless Cars in 2026. These were all ahead of Bitcoin and Blockchain, which the respondents think would only be a tipping point in 2027. The poll further suggests that the tipping point would occur when 10 percent of global domestic....
On August 11, 2016, the World Economic Forum (WEF) released a 300-page report entitled "The future of financial infrastructure: An ambitious look at how blockchain can reshape financial services," exploring how the financial sector “could overcome current-state pain points through distributed ledger technology (DLT).” The WEF has been one of the most vociferous advocates for the potential of the blockchain technology. Bitcoin Magazine reported that in 2015 the WEF predicted that blockchain technology was one of the 21 changes in technological transformations and that the tipping....