In recent weeks, a number of significant developments have unfolded across the enterprise blockchain space in areas such as investment market regulation, food safety and traceability and B2B payments that we characterise as watershed events.
In our opinion, these events indicate blockchain technology is gaining acceptance with regulators and is on the cusp of real-life applications across a wide variety of industries.
We think 2019 could be a monumental year in determining how broadly this revolutionary technology is adopted – and where its impact will be greatest. Correspondingly, we should see acceleration in terms of blockchain adoption and new partnerships.
Erik Swords, senior analyst and Scott Canning, research analyst. Mellon, a BNY Mellon company