Greenwich: Blockchain Projects Will Move to 'Production' in 2017
Blockchain projects will move from proof-of-concept to production this year, according to a new report from market intelligence firm Greenwich Associates. Released today, the research note offers 10 market structure trends for 2017 and lists its expectations for the blockchain industry in its final slot. Author Kevin McPartland reasons that, while many in the industry had said blockchain is overhyped, he believes there might not be enough evidence to make this claim. "Our blockchain research was the most-read by our capital markets clients in 2016. In 2017, we'll finally start to see....
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As NASDAQ is gearing up to become the first exchange operator to utilize blockchain technology by the end of this year, a newly published report by financial industry consulting firm Greenwich Associates suggests that the tech-exchange might just be setting a trend. The consulting firm predicts that blockchain technology is coming to the financial markets in a big way. In order to get an idea of the level of awareness and understanding of blockchain and blockchain-like technologies, Greenwich interviewed 102 institutional financial professionals over the past couple of months. Nearly all....
Private blockchains are on the cusp of leaving the laboratory and heading to the real world. At least, that's according to bold predictions from some of the Linux Foundation-led Hyperledger projects's top technical minds during the second day of CoinDesk's developer conference, Construct 2017. While today, most private blockchain and ledgers remain experimental (with some onlookers even starting to express skepticism that private blockchains will ever be rolled out), that uncertain state of affairs could be on the verge of change. During the conference, many key Hyperledger technologists –....
While DLT technologies are moving slowly toward production, an executive from blockchain consortium R3 is hinting that this might not be the defining trend for enterprises this year. In remarks yesterday at CoinDesk’s developer conference, Construct 2017, R3 associate director and former Credit Suisse blockchain architect, Clemens Wan, predicted that 2017 will be defined by DLT pilots, while 2018 will see the technology migrate to production. The comments come just months after the open-source release of its custom distributed ledger technology (DLT), Corda, became a part of the Linux....
A recent survey by Greenwich Associates reports financial and technology markets will invest $1 billion in blockchain technology this year. The interviewees cited the vested interest the financial industry has in legacy systems as the main obstacle to blockchain investment. The survey indicates trends from the past two years are continuing in 2016. Venture capital backed investment in bitcoin and blockchain companies jumped from $3 million in 2011 to $474 million in 2015, CCN reported in March. The number of deals rose from two in 2011 to 75 in 2014 and 74 in 2015. Estimate Based On....
Blockchain had a good run in 2016 with a lot going on, including over $1.5 bln invested in startups, Bitcoin breaking out of the $700 resistance level and the likes of IBM and Microsoft betting the shop on this new pervasive technology. We saw Barclays Bank’s first live commercial banking transaction, Hyperledger’s very promising Corda technology coming of age and, of course, more attacks requiring more forks. In addition, the Scaling Conference in Milan showcased some amazing projects that bode well for Blockchain’s amazing future. So what does 2017 hold for the Bitcoin Blockchain? On par....