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Blockchain: for Deloitte among the ‘Tech Trend 2022’

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Blockchain: for Deloitte among the ‘Tech Trend 2022’

by Daniela La Cava

What happened in the world in 2021 Blockchain? And what are the latest technological innovations in this area? These are just two questions, but there could be many others, in a sector that has the spotlight of the media and which is also attracting the attention of institutions and the financial world.

Today we hear more and more about Blockchain technology, even if there is often a bit of confusion about what its correct definition is. It is worth remembering, in summary, that it is a set of technologies, in which the ledger is structured as a block chain containing transactions and consent is distributed across all nodes in the network. This technology is always associated with the name of cryptocurrencies, and more precisely with that of Bitcoin which was the first among cryptocurrencies to make use of the distributed ledger.

As also remarked by the Blockchain & Distributed Ledger Observatory, this sector is evolving faster and faster and through the most different applications: from cryptocurrencies to the non-fungible token (NFT, in Italian non-fungible tokens), passing through the DeFi. Cryptocurrencies, on the strength of the record performance of the bitcoin, but NFTs have also aroused strong interest from the business world.

Blockchain, for Deloitte is a ‘Tech Trend 2022’. In fact, Blockchain platforms are radically changing the way we do business. The blockchain is one of the topics covered in the 13th annual report on Tech Trends of Deloitte provides insights into the digital world.

“With the promise of safer and more efficient transactions, the financial services industry has pioneered the use of blockchain and other Distributed Ledger Technology (DLT) platforms,” they explain from Deloitte.

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In fact, as emerges in the “Deloitte’s 2021 Global Blockchain Survey”, the leaders in the financial services sector (Fsi) are moving in this direction to the point of defining digital assets as a current and future strategic priority: according to almost 80% of respondents, in fact, digital assets will be very important in their respective sectors in next 24 months.
Among the individual sectors, according to some analyzes, it is the banking sector that leads the adoption of the blockchain, followed by telecommunications, media and entertainment; manufacturing; healthcare but also retail and consumer goods; and finally at the government level.

“Many entrepreneurs and start-ups are getting to work identifying potentials users to develop and attract investors for new business models based on blockchain and other DLTs ”, say from Deloitte.

Looking ahead, as more organizations leverage blockchain and other DLT platforms to generate new business value, their primary task will be to try to understand which platforms and protocols are most relevant to their industries and use cases.
“Ultimately, to support the transformations that are affecting the industry (transformations that these very technologies and platforms will bring), organizations can seek to cultivate a sense of urgency in improving or modifying business processes and supporting capabilities. change management ”, conclude by Deloitte.

An event not to be missed

“Blockchain: the road to the next web revolution”. This is the title of the research by the Blockchain & Distributed Ledger Observatory of the School of Management of the Politecnico di Milano which will be presented on Friday 21 January. The conference, which he will also take part in Paolo Gianturco, Business Operations and Fintech leader of Deloitte Consulting, will aim to present the main news of the Blockchain world and to identify future evolutions in Italy and in the world.

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In view of the event, the Observatory underlines how much cryptocurrencies now have the attention of traditional players in the financial and payments world, who are considering integrating them into their offer both as a form of payment and as a form of investment. In 2021 the phenomenon of NFTs also exploded: unique tokens used as a tool to represent a first version of digital private property and which can also be exploited in the “metaverse”, a recent trend that is generating heated discussion in the sector.

Further information is available at event page (click here)

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