Oracle: Half of world’s companies will use blockchain in the next three years

Anca Alexe 15/04/2019 | 08:12

Oracle’s vice president of blockchain product development Frank Xiong said during the Forbes CIO summit in California that 50 to 60 percent of companies will use blockchain technology in the next three years.

Xiong also said that people have started to have a better and more realistic understanding of what blockchain can do.

“We’re past the stage that blockchain can cure everything, so people are becoming more realistic about what’s good for their business model,” he argued.

Oracle has more than 100 customers using its blockchain solution for supply chain, which promises to increase transparency, accelerate product delivery and improve customer satisfaction.

A recent survey conducted by KPMG showed that executives were interested in blockchain, but delayed its adoption in their companies.



BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Anca Alexe | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of
    I agree with the storage and handling of my data by
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue