EDITOR ’ S QUESTION
HOW DOES THE BLOCKCHAIN BOOM AFFECT THE SOFTWARE INDUSTRY AND WHAT CONCRETE EFFECTS WILL IT HAVE THROUGHOUT THIS DECADE ?
While Blockchain seems to encompass more and more scenarios , throughout the decade the IT industry will certainly find new ways to harness its potential . Experts from IBM , Oracle and Red Hat give us their vision on how this model can permeate various work and collaboration scenarios .
Generally , the concept of Blockchain is associated with cryptocurrencies – BitCoin in particular – and financial movements . But for technology itself , the Blockchain operating model , can become one of the main engines of the so-called Digital Transformation .
Specifically , and quoting David Uribe , Oracle CTO : “ To talk about the evolution of the software offer from the impact of Blockchain , we must first understand
According to the Worldwide Blockchain Spending Guide , published by IDC last quarter , on a global scale , the use of Blockchain has become a trend that will reach US $ 6.6 billion this year , an increase of 50 % compared to 2020 , even with the Covid 19 pandemic happening .
This same study argues that Blockchain will affect the market for 10 technologies , in hardware , servers , external storage systems , network equipment , IaaS , software , the platform for Blockchain , security , as well as the services associated with business and IT .
In 2020 , according to IDC , global spending on Blockchain was around US $ 4.1 billion , up 50 % from 2019 and it suggests that by 2021 , prominent value chains in the industry , enabled by Blockchain , will have extended their platforms to all their ecosystems , thus reducing transaction costs by 35 %.
On a global scale , the use of Blockchain has become a trend that will reach US $ 6.6 billion this year .
what Blockchain is and how it works : Blockchain is a distributed journal , and in constant growth , in which the daily transactions of different processes are recorded . Blockchain was created to solve problems of mistrust and security since being a distributed book makes each person who belongs to the network have access to a backup copy of the information stored and registered daily .”
Thus , we asked the question : How will the software offering evolve from the impact of Blockchain ?
David Uribe , CTO Oracle Colombia and Ecuador ; Jaime Bejarano , General Manager of Red Hat for Colombia and Ecuador ; and Martín Hagelstrom , Executive of Blockchain for IBM Latin America , give us their opinions .
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