No doubt, Blockchain is gaining attention. The quintessential factor driving the growth of the blockchain technology market are significant investments by governments across the globe. China in particular, from the APAC region, is already experimenting by placing its national currency on the blockchain. However, one of the major factors hindering the growth of the global blockchain technology market is the lack of trust in the technology itself!
Still, in the nascent stage, blockchain technology and its vulnerabilities are yet to be explored. Also, a reason for concern is the scalability of blockchain when it comes to handling large volumes of enterprise data. Add to the fact that, the lack of transparency-- the problem blockchain will be deployed to solve--is not a technology problem necessarily; rather, it is a business problem. This only means that blockchain will only successfully show full transparency if every player in the system plays the game.
This makes for an incredible argument for the companies willing to take the chance with blockchain technology.
In saying that, a few solution providers have showed undeterred faith in the technology. Leveraging blockchain, they have tailored solutions that inspire hope in the technology. We at the APAC CIO Outlook Editorial Board have come up with the solution providers who show the most promise. Watch out for these top players as they gear up to disrupt many industries in the year ahead.
