This time of year brings holiday treats, a global sigh of relief that 2020 is almost over, and a spate of predictions for 2021. Martha Bennett, IT industry analyst at Forrester Research, predicts that 30 percent of blockchain pilot projects will make it into production. IBM Blockchain general manager Alistair Rennie confirms that the 30 percent is a rate consistent with what IBM is seeing with clients.
Forrester also says almost all pilot-to-production projects will run on permissioned enterprise platforms that utilize cloud, and IBM Blockchain Platform will be one of the most widely used in 2021. Maturing technology, more realistic projects and pandemic-induced acceleration are behind the growth in production blockchain.
Will your blockchain idea make it into the world in 2021?
Blockchain in the news
COVID-19 vaccines need a groundbreaking supply chain
With two COVID-19 vaccine trials successfully completed and more in the works, attention is turning to the challenges of distributing billions of doses worldwide. As IBM Blockchain Services general manager Jason Kelley explains, it’s more than just the unprecedented scale of the effort. There is the logistical challenge of temperature control throughout a complex supply chain and monitoring to ensure that vaccines are kept cold — as much as 70 degrees below zero. Failure to do so can render the vaccine ineffective.
Tracking the vaccine isn’t the only way blockchain can be employed in battling COVID-19. Mark Treshock, IBM’s blockchain solutions leader for healthcare and life sciences, notes that coordinating supply with time-sensitive second doses of the vaccine will be one key application. Another will be solutions like IBM Digital Health Pass that individuals can use to prove they’ve been vaccinated and can safely travel or return to work. Until the vaccines can provide widespread protection, IBM Digital Health Pass and other digital health passports are documenting COVID-19 test status to satisfy business, venue and airline screening requirements.
FinHub stands alone
The U.S. Securities and Exchange Commission (SEC) announced that its Strategic Hub for Innovation and Financial Technology, known as FinHub, will become a standalone office. The move signals the increasing importance of encouraging blockchain and digital assets in the securities space.
Youthful blockchain entrepreneurs get noticed
Alongside the new record high for bitcoin came the announcement that the 2020 Forbes 30 Under 30 list of business leaders features eleven bitcoin and blockchain entrepreneurs. Seven are in finance, two in energy, one in venture capital and one in manufacturing.
December’s features of “watch, read and listen”
Webinars: The 2020 Blockchain Pulse must-watch list
Looking for something to watch over the holidays? Catch up on all the great webinars we’ve produced this year, featuring business and technical leaders discussing blockchain’s impact on enterprises, industries and the world.
No matter where you are in your adoption journey or what industry you’re in, we’re here to help you use blockchain technology to reach your business goals.
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Happy holidays, and thank you for reading our December edition of “Blockchain News You Can Use.” We’ll be back in 2021 with more. In the meantime, if someone forwarded you this email and you’d like to subscribe, sign up here.