Enterprise Blockchain on the Rise Despite Criticisms

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In the announcement for the launch of its blockchain security testing service, IBM X-Force Red highlighted the rise of enterprise blockchains and said that “organizations are seeing real efficiencies and cost savings from its use.”

IBM also highlighted the IDC’s 2018 Spending Guide, which forecasts worldwide blockchain spending to grow to $9.7 billion in 2021.

This arrived on the back of a Forbes article in February that explored the reasons “Why 2019 May Become The Year Of Enterprise Blockchain,” which also highlighted Deloitte’s 2018 global blockchain survey that found 95 percent of companies across different industries were investing in blockchain tech projects.

All of that indicates a rosy outlook for blockchain growth.


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