The consulting firm IDC Research Spain released an update of its technology predictions for 2019. They state that 75.5% of local companies expect distributed accounting technology (DLT), or blockchain, "to promote the transformation digital of your organization in the next five years. "
The agency predicts that the companies will invest 47,500 million euros to promote this change, which not only consists of the adoption of DLT, but also of greater participation in the area of services in the cloud, development of IoT applications, greater use of the artificial intelligence, transformation of business models based on platform economies (Uber, AirBnb, Rappi) and data monetization.
The second report of its predictions for 2019 was released on Friday, January 25 and is a continuation of a first report released on November 28, 2018. In its analysis from last year, IDC highlights the following on the adoption of blockchain networks: "The blockchain market in the same area (Western Europe) will reach 609 million euros in 2019, 51% more than in 2018 and sustained growth to 2022 of 71.5%." In its January edition, the agency included the percentage that refers to the digital transformation for the next five years.
TECHNOLOGICAL TRENDS
José Antonio Cano, director of analysis of IDC Research Spain, said that, beyond what happens with the blockchain networks, there will be four technological trends that will concentrate the investment in the next 11 months. Among those highlights "the Cloud Infrastructure with a growth of more than 22.5% with respect to 2018, followed by collaborative software with a growth of 6%, of intelligent services with more than 3.2% and, finally, the devices of mobility that will increase by 0.2% ".
An important fact to note about the report is that related to the digital maturation of Spanish companies. On this point it is reported that, during the last year, the percentage of companies that are developing a digital strategy is 60%, while the number of corporations that have not yet started a digitalization process went from 23% to 9%. %.
BLOCKCHAIN, MAGIC WORD
During the 2017 uptrend, in the crypto-active market, multiple companies adopted the name blockchain to take the wave of the growing interest in cryptocurrencies. The magic word boosted the market capitalization of numerous companies that, over the months, lost the territory gained.
The popularity led several companies to adopt distributed accounting technology to their business models, although not necessarily because they needed it. In October 2018, the National Institute of Standards and Technology of the United States (NIST) published a report in which it announced the feasibility and the necessary characteristics for the application of a blockchain to generate optimum performance.
It is important to mention that the DLT has specific uses such as keeping records, identity, transactions among several participants or the management of shared data. Each company will be the one that determines the best use that it can give to a blockchain, either of private or public nature.
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