Will 2019 finally see the rise of the blockchain?

Perhaps not, according to an article published in the Wall Street Journal at the end of 2019. The article, which is based on a survey by Chief Information Officer in several major companies, notes that the hype surrounding the blockchain continues to obscure a technology that still needs more time to grow and mature. This is because many C-suite executives remain doubtful about the strength of the technology or the fact that the cost of implementation can pay dividends in the short term.

& # 39; Blockchain upsets everything & # 39; – A round table

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What is the blockchaiNo?

Blockchain is a distributed digital accounting technology that stores information on multiple systems securely to enable peer-to-peer transactions. According to PwC, this is "creating a reliable source of" truth "that disintermedia the so-called" trust intermediaries. "Verification by virtue of secure distributed storage leads to a paradigm shift in the way we establish trust and has broad implications flow ".

Growing interest, but when to implement it?

For example, the blockchain has aroused considerable interest in India without this interest turning into something tangible in terms of major corporate technology changes, according to TechCircle.

A United Airlines arrives at the Denver International airport

In addition, United Airlines senior executives and UPS logistics giant think that 2019 will not be the year when the blockchain will become mainstream. according to a review on Coin Telegraph.

PwC and potential blockchain

Former employees of the PwC service company, Antoine Deltour and Raphael Halet, take over the losses of thousands of documents exposing the enormous tax reliefs of Luxembourg to the main international companies

Emmanuel Dunand, AFP / File

However, the potential is certainly there. A PwC-Ficci report "Blockchain: the next innovation to make our cities smarter", technology can lead to significant cost reductions for companies.

Blockchain and energy efficiency

This does not mean that the blockchain will not increase until 2019 and many companies aim to take advantage of the technology. One example is the Dutch company Saiterm, which is trying to break the global warming market with a so-called environmentally friendly "Spring" infrared technology. This technology is based on the SAIEX coin on the Ethereum blockchain.

The Shearon Harris nuclear power plant in New Hill, North Carolina, is a nuclear power plant with a pressurized nuclear water reactor designed by Westinghouse, run by Duke Energy.

NRC

The technology allows users to request the return credit in the form of coins for any excess energy generated. Commenting on this, Salvatore Morale of Saiterm observes: "We believe that spring represents a huge opportunity for homeowners to reduce energy costs and protect the environment." Gas, oil and pellet boilers have undoubtedly increased the greenhouse gases over the last 50 years By embracing our infrared technology, I believe that future homeowners can live and work in maximum comfort while respecting the atmosphere at the same time ".

IBM and the automotive sector

Adobe will extend its analysis of the cloud to connected cars

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In addition to this, as a sign of the potential of technology, a survey of 1,314 automotive industry executives who took part in the IBM Institute for Business Value and Oxford Economics, found that 62% of automotive executives believe the blockchain will be a disruptive force in the 39; automotive industry in the next two years.

In addition to the automotive sector, an article by Forbes notes that the financial sector is apparently the most likely to first go to the blockchain.