Perspective: The Industry Implications of Blockchain Technology

January 2016 •
3 pages •
Report ID: 3568113 •
Format: PDF

Summary
Table of contents

This IDC Financial Insights Perspective examines the industry implications of blockchain technology. IDC anticipates that one of the most hyped topics in 2016 will be blockchain technology. Blockchain is the open source component of bitcoin, providing the ability to conduct secure, trusted exchanges of the virtual currency. Despite some of the negative perception of bitcoin itself, the ability to manage the exchange of value without trusted intermediaries like financial institutions and governments (which is accomplished by the blockchain software) has led many to speculate on the potential for much wider-ranging impacts. In this Perspective, we join that speculation by providing analysis on how it will affect industries and several of our innovation accelerators.

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