This IDC Perspective is an update of Perspective: The "Four Forces" Driving Distributed Ledger Technology Innovation in Financial Services (IDC #US41944516, November 2016). We discuss the opportunities and challenges of using distributed ledger technology (DLT), our four forces model, and an update to the industry trends we see powering increased interest and investments in DLT and smart contracts. As distributed ledger technology gains momentum in financial services, supply chains, and other industries, enterprises should be actively investing in DLT and smart contracts to improve business processes, reduce risks, and improve financial liquidity.
"Looking ahead, we continue to see multiple industry and technology trends combining to drive increasing investments in DLT technology and staff. In addition, regulators and central banks have made positive comments, and IDC believes that companies should be actively communicating with regulators." — Bill Fearnley, research director, IDC Worldwide Blockchain Strategies