Japan Blockchain Business Trends 2017: The Possibility for a Wide-Area Decentralized Application Platform
This IDC study analyzes information that pertains to blockchains, their values, use cases, technical challenges, market trends, and vendor trends. The report also provides a forecast of the size of the blockchain-related solution market. Blockchains continue to draw a large amount of attention, as they are expected to resolve a wide range of social challenges that have been difficult to resolve until now, through sharing of data on distributed platforms that have been managed individually (closed) by companies and other organizations."Blockchain technology is not just a platform for virtual currency, but has the potential to change social frameworks. However, there is often a high bar in the way of applying this technology in existing fields. Rather than optimizing existing frameworks, companies involved in blockchain technology will first need to consider building new frameworks that use blockchains and applying blockchain technology to new businesses," states Yoko Ono, senior market analyst, Communications, IDC Japan.This is is summarized to reduce the gap in time since the original version was published. All of the following sections are, however, fully translated:IDC Opinion Methodology Definition Executive Summary Essential Guidance Synopsis
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