Blockchain along with artificial intelligence, learning engine, robotics, and augmented reality technology have the potential to disrupt and transform the digital business by 2018. Companies that do not start investing in the digital cycle are at high risk to be disturbed.
This should be a concern that is not less important, and the main focus of many companies will go-digital, in addition to cyber security.
It was delivered Dimension Data at the Cyber Security Conference last week. Dimension Data released a press release regarding the importance of the industry paying attention to Blockchain.
It is based on the top list of IT Predictions for 2018 published by Dimension Data. But the top trend for the coming years is the adoption of Blockchain, a technology behind Bitcoin, which has great potential to disrupt and transform the world's finances, businesses and communities by using a variety of applications.
Ettienne Reinecke, Dimension Data Group's Chief Tehcnology Office, says Blockchain is getting stronger lately.
"Last year, as we looked to the top list of 2017 digital business trends, we predict a centralized transaction model will be attacked. Our predictions are precise. In the financial sector, US and European capital markets move on the Blockchain platform, and similar activities occur in markets such as Japan. Seeing how conservative and focused the sector is, this is amazing.
"It is very ironic to see cybercrimes perpetrating a WannaCry ransomware that can take government assets hostage by charging Bitcoin. Bitcoin may be an encrypted currency (crypto-currency), but the base is Blockchain, and if cybercriminals are aware of the security they can get from payments through Bitcoin in ransom payments, it shows how secure the approach of distributing ledgers .
"I believe Blockchain has the potential to change the concept of cyber security, but industry has to understand what Blockchain is working for," Reinecke said.
Reinecke also predicts Blockchain will be a big thing to the Internet of Things (IoT) next year.
"In the IoT world, you generate millions of small transactions collected from a set of distributed sensors. It is not feasible to operate this system using a centralized transactional model: because it is very slow, expensive, and exclusive. To extract the true value of IoT technology, you need to be able to operate in real time. After the sensor warning is received from the control system, you must react to it, by measuring and charging directly - all of which negate the feasibility of a centralized transactional authority. Transaction costs should be close to zero or free, and the cost elements of the centralized model can not support the business opportunity model that occurs in IoT, "he explained.
In 2018, some Blockchain and IoT applications in the cyber security field will appear. Many of the most recent attacks have recently been launched from IoT devices at low prices, while these security issues are not being noticed by many IOT device manufacturers, making them easy to attack.
Blockchain's role is important because it can secure unattended sectors like this.
In addition an interesting trend to observe is the surge of wireless technology that will make IoT become closer and easier to realize a dream that allows all connected.
All of this will be related to 5G and Gbps Wi-Fi technology, new control, virtual beacon technology, low power, and of course the long distance radio frequency.
Of course there will be "digital backlash" from the old players. Businesses that are already running, and by proactively transforming into the digital business, modernizing the architecture and entering high-level automated operations into their operations will have the opportunity to re-gain market share in the coming years. Because it will be a lot of new cloud-based startup that will disrupt certain industries.
"My prediction, a number of old players will successfully reclaim their lost markets, because they have more credibility, a long history, a strong customer base, and assets that will not be timed," said Reinecke
Andy Cocks, Chief Technology Officer Dimension Data Asia Pacific reinforces Reinecke's explanation, "Blockchain has the ability to disrupt and change the world's finances, business, and society. But companies that do not immediately start the investment cycle will have the greatest risk to be disturbed. "
