Spending on blockchain solutions is on the up as more industries adopt the technology to tackle challenges.
Worldwide spending on blockchain solutions is expected to rise to $11.7 Billion in 2022, with a five-year compound annual growth rate of 73.2%. This is according to a new report from the International Data Corporation (IDC).
Blockchain technology creates a decentralised ledger that keeps a record of all transactions. The technology also allows for asset transfers without using a trusted intermediary.
Blockchain has potential applications in finance, healthcare, supply chain and distribution sectors, as well as smart cities. The financial sector has led blockchain value in 2018, with IDC calculating a spend of $754 million in this area so far.
Jessica Goepfert, Programme Vice President at IDC’s Customer Insights and Analysis, said: "We continue to see the greatest spending and growth for blockchain around lot lineage and asset and goods management. Highly visible scandals combined with complex supply chains and incomplete information set the stage for investments and projects in these areas.
"End to end, the stakeholders have a vested interest in solving these issues. Manufacturers want to ensure products arrive where they are supposed to arrive. Retailers and wholesalers seek assurance around the validity and quality of the products they are selling. And consumers are demanding greater transparency from providers."
Blockchain for smarter cities
We are seeing more use cases in smart cities too.
At Smart Cities World, we are currently running a survey to understand the rate of adoption of blockchain technologies in smart city projects, and the impact so far. Take the survey.
|www.smartcitiesworld.net||JSESSIONID||To keep track of user sessions on the site and identify your user session.|
|www.smartcitiesworld.net||AFFINO_x||If we are hosting your sites this option is ticked. Each user profile has a number replacing x|
|www.smartcitiesworld.net||RVP||As a guest user we store the last 10 products you viewed|
|accounts_tab_active||Store the state of the Affino accounts tab (open or closed)|
|contacts_tab_active||Store the state of the Affino contacts tab (open or closed)|
|Affino_Control||Stores the layout of the Affino control panel (left or right)|
|Affino_BrowserMode||Set your browser to iPad and you'll be able to see what that user sees|
|LiveEditSwitch||Affino functionality remembers your settings if live edit switch is on/off|
|Affino_ControlWideScreen||Affino functionality remembers your settings if you selected this option|
|NewID||Cross domain check|
|Affino_CartID||Holds the users shopping cart ID|
|smartcitiesworld.net||km_ai||Is used on affino.com but is not in standard Affino. If your site uses Kissmetrics you'll need to include these.|
|www.smartcitiesworld.net||PRECACHE||Serve a cached version of the website to users to improve the performance of the site|
|facebook.com||__utma, __utmb, __utmc, __utmv, __utmz||These are used for facebook integration. Some Affino sites use single sign on (SSO). This service provides users with the option to sign in using their Facebook login. If they chose to do so Facebook cookies are set.
Further information on Facebook's Data Use policy is available at www.facebook.com/about/privacy
|player.vimeo.com||c_user, datr, act, locale, lu, p, presence, s, xs||When users view a web page on your site with an embedded Vimeo video, Vimeo creates these cookies|
|www.linkedin.com||X-LI-IDC||These are used for LinkedIn integration. Some Affino sites use single sign on (SSO). This service provides users with the option sign in using their LinkedIn login. If they chose to do so LinkedIn cookies are set.|
|linkedin.com||__qca, __utma, __utmb, __utmc, __utmv, __utmz, _lipt, bcookie, lang, lw|
|doubleclick.net||id||This is a Google tracking cookie for advertising purposes|
|soundcloud.com||__utma||Soundcloud can be used to share music and audio files. They use google analytics to capture visitor information|
|youtube.com||PREF||When you view a web page on your site with an embedded YouTube video, YouTube creates these cookies|
|imrworldwide.com||IMRID||These are cookies from an internet media and market research company Red Sheriff|
|quantserve.com||mc||This is an advertising cookie from Qantcast|
|scorecardresearch.com||UID||These are market research cookies|