IDC FutureScape Figure

Figure: IDC FutureScape: Worldwide Blockchain 2020 Top 10 Predictions

Executive Summary

IDC FutureScape Predictions

Summary of External Drivers

Predictions: Impact on Technology Buyers

Prediction 1: By 2024, 40% of Tier 1 Financial Institutions Will Use Blockchain Networks to Process Point-to-Point Cross-Border Payments, Bypassing SWIFT and the Correspondent or Central Banking Infrastructure

Associated Drivers

IT Impact

Business Impact

Guidance

Prediction 2: Lawsuits and Delays Will Slow eVoting Progress, But Blockchain-Enabled Electronic Voting Will Emerge as a Prime Solution, and Successful Pilots Will Lead to 12% of Jurisdictions Testing Systems by 2022

Associated Drivers

IT Impact

Guidance

Prediction 3: By 2021, Providers and Payers Will Coalesce Around a Credentialing Blockchain Standard, and 20% Will Use This Standard in a Common Service, Eschewing Their Own Private Processes and Competitive Impulses

Associated Drivers

IT Impact

Guidance

Prediction 4: By 2023, Enterprises Will Invest Nearly $11 Billion in Blockchain Services — for Example, Consulting, Implementation, Maintenance, Support — Spending over One-Third of That Investment on Managed Services

Associated Drivers

IT Impact

Guidance

Prediction 5: By 2024, More than 75% of Regulated Companies Will Adopt Blockchain in Support of Explainable Artificial Intelligence

Associated Drivers

IT Impact

Guidance

Prediction 6: By 2022, 10% of the World's Adult Population Will Register for a Blockchain-Based Self-Sovereign ID, Creating an Expanding Market of 485 Million People Who Seek to Own and Control Their Digital Identity

Associated Drivers

IT Impact

Business Impact

Guidance

Prediction 7: By 2023, 85% of Global Container Shipping Will Be Tracked by Blockchain, with Half of This Using Blockchain-Enabled Cross-Border Payments

Associated Drivers

IT Impact

Guidance

Prediction 8: By 2022, 25% of Digital Rights Will Be Processed on Blockchains Managed by Distributors and Content Creators, Brokering Trust and Transparency to Prevent Free Consumption and Illegal P2P Sharing

Associated Drivers

IT Impact

Business Impact

Guidance

Prediction 9: By 2020, More than 80% of Organizations Will Use Blockchain as a Service as the First Priority for Blockchain Infrastructure When Implementing Blockchain Initiatives

Associated Drivers

IT Impact

Guidance

Prediction 10: By 2023, More than 12 Countries, Mostly Emerging Economies, Will Begin Issuing a Digital Currency Using Blockchain Technologies to Promote Economic Stability and Encourage Electronic Commerce

Associated Drivers

IT Impact

Guidance

Advice for Technology Buyers

External Drivers: Detail

The Age of Innovation: Driving the Future Enterprise

Description

Context

Accelerated Disruption: Navigating Business Challenges as Volatility Intensifies

Description

Context

Crisis of Digital Trust: Escalating Threats Mandate Strategic Responses

Description

Context

The Platform Economy: Competing at Hyperscale

Description

Context

Sense, Compute, Act: Maximizing Data Value

Description

Context

Geopolitical Risk: Societal and Economic Tensions Rise

Description

Context

Intelligence Everywhere: AI's Opportunity and Implications

Description

Context

Learn More

Related Research