10 years of blockchain: What is next for DLT?
Conclusion: In IBRS’s 2018 Top Business Technology Trends Priorities Report, we noted that despite significant media attention on blockchain or distributed ledger technology (DLT) in 2017, the primary concerns of Australia’s Chief Information Officers (CIOs) in 2018 remains focused on the more pressing issues of migration to the Cloud, and its impact on IT operations and staffing.
However, ignoring DLT in the long term is no longer an option. After 10 years since the advent of blockchain, real world and production examples are now emerging from market-influencing players in Australia such as the Australian Securities Exchange (ASX) and Commonwealth Bank (CBA). This, combined with significant investment from credible vendors (both old and new), requires that CIOs and their Enterprise Architects review the implications of DLT becoming a mainstream means for secure, immutable data exchange to enable fully automated multi-party workflows.