IDC FutureScape Figure

Figure: IDC FutureScape: Worldwide Blockchain, Crypto, NFT, and Web3 2023 Top 10 Predictions

Executive Summary

IDC FutureScape Predictions

Summary of External Drivers

Predictions: Impact on Technology Buyers

Prediction 1: By 2027, 50% of New Securities Issued Globally Will Be Issued as NFTs (or Blockchain-Based Tokens), as a Technology Channel for Private and Public Equities, Debt, and Derivatives

Associated Drivers

IT Impact

Guidance

Prediction 2: By 2028, Digital Trade Finance Transactions Will Make Up 30% of Total Trade Finance, If Trade Ecosystems Become Interoperable, Standardized, Technology Agnostic, and Easily Accessible to Customers

Associated Drivers

IT Impact

Guidance

Prediction 3: By 2026, the Global Crypto Lending Market Will Reach $5 Trillion as Cryptocurrencies Become More Widely Adopted as a Common Platform for Lenders and Borrowers

Associated Drivers

IT Impact

Guidance

Prediction 4: By 2025, One in Two Financial Intermediaries Will Have Adopted Distributed Ledger Technology to Support Settlement and Clearing Functions

Associated Drivers

IT Impact

Guidance

Prediction 5: By the End of 2025, Powered by Blockchain, Reinsurers Will Eliminate Reconciliation Pain Points, Boosting Transparency and Contract Certainty, Leading the Industry to Save Up to $10 Billion in Efficiency

Associated Drivers

IT Impact

Business Impact

Guidance

Prediction 6: By 2026, 80% of International Banks Will Incorporate Crypto Assets into Their Risk Management Decision Making and Systems

Associated Drivers

IT Impact

Guidance

Prediction 7: By 2026, 25% of Countries Would Have Launched a Central Bank Digital Currency

Associated Drivers

IT Impact

Guidance

Prediction 8: By 2026, One in Three G2000 Companies Will Commit Resources for Training Employees Related to Web3, Blockchain, and Metaverse

Associated Drivers

IT Impact

Guidance

Prediction 9: By 2028, the Usage of CBDCs in the Global Financial System Will Account for 10% of International Trade by Value and Will Reduce Trade Costs by 40%

Associated Drivers

IT Impact

Guidance

Prediction 10: By 2027, 20% of Global Financial Products in Use by Consumers Will Have at Least One Element of DeFi in Their Architecture

Associated Drivers

IT Impact

Guidance

Advice for Technology Buyers

External Drivers: Detail

Storms of Disruption — Accelerating, Interconnected Uncertainty

Cybersecurity and Risk — Scaling and Evolving Threat Environment

Economic Instability — Flurry, Snowball, or Avalanche?

Global Supply Shock — Refocusing on Multisource and Resilience

Digital Business — Stepping Stone to the Future Enterprise

Ecosystem-Based Innovation — Driving Enterprise Value

Embracing the Metaverse — New Levels of Immersion

Learn More

Related Research