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Deloitte: Blockchain, a Top Tech trend in 2019

Blockchain, Pixabay
Image: Blockchain, Pixabay

Three new technologies, namely blockchain, cognitive and digital reality, have taken up the mantle of the "disruptor", each destined to become a distinct macro force in its own right, according to a new report by Deloitte.

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Deloitte Tech Trends 2019

Deloitte's annual Tech Trends report explores technologies that will reshape business and government over the next 18-24 months. According to the company, in the next five years, blockchain, digital reality and cognitive aspects will probably become as important as digital experiences, analysis and the cloud today.

The report underlines the "deeply disruptive" nature of the blockchain that will probably transform not only the business but also the way in which human beings operate and engage. It notes that large companies and consortia are implementing enterprise-grade blockchain solutions and that, while technical barriers and policy limitations are resolving, we will likely see innovations in gateways, integration levels and common standards over the next few years.

"Concerns about scalability and cost performance of transaction processing are addressed as proof of fairness that becomes a valid alternative to consent on proof of work and corporate tools have emerged to manage and maintain stacks. high performance blockchain ", the report reads.

"When further progress occurs, expect the blockchain to become even more ubiquitous.The door will be open for the re-engineering of cross-organizational business processes, an arena that includes huge transformations and possibilities between industries, functions and geographic areas."

Blockchain technology will continue to achieve boarder adoption as organizations gain a deeper understanding of its transformation value. IDC predicts that the annual global spending on blockchain solutions will reach $ 9.7 billion effective by 2021.

The report also highlights six key trends that redefine the nature of work and change the relationship between business and the business. These are:

  • The integration of artificial intelligence into all major business processes and products;
  • The next phase of the evolution of cloud computing with completely abstract technical resources and increasingly automated management tasks;
  • Advanced networking with the development of technologies such as 5G, mesh networks and edge computing;
  • Intelligent interfaces combining the latest man-centered design technologies with technologies such as artificial vision, colloquial voice, auditory analysis and augmented / virtual reality;
  • A new generation of marketing tools and techniques focused on personalized, contextual and dynamic exchanges; is
  • DevSecOps, short for development, security and operations, aims to automate key security tasks by incorporating security controls and processes into the DevOps workflow.

The Techno 2019 report by Deloitte echoes the predictions of Arun Ghosh, the US blockchain leader at KPMG, which expects the adoption of blockchain will increase this year in numerous sectors, including energy and government .

"We will see a greater understanding of what Blockchain is – and what it is not." Combined with greater accessibility through blockchain services on public clouds, companies will move towards successful implementations and strategic projects that translate into business results, such as reduction of reconciliations in order to the billing process or financial services organizations fighting fraud, "Ghosh said in a statement.

Tokenization will continue to take hold in 2019 with loyalty destined to emerge as one of the most affected key areas. Ghosh expects that a growing number of companies will fund loyalty rewards to improve customer experiences.

It also anticipates the convergence of blockchain with the Internet of Things (IoT) with blockchain helping companies overcome the limits of device security and data security by providing a secure framework for communication between devices and improving data security on IoT networks and 5G.

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