Oracle Exec: 50% Of Companies Will Use Blockchain Tech in Next Three Years

Frank Xiong from software development company Oracle estimates that 50 to 60 percent of companies will use blockchain tech in the next few years.

Blockchain technology could possibly be used by 50 percent of all companies within the next three years, the vice president of blockchain product development at software company Oracle said on Monday, April 8.

Frank Xiong participated in the Forbes CIO Summit in Half Moon Bay, California, where he estimated that 50 to 60 percent of companies will use blockchain technology in the next few years.

At the same time, Xiong believes that people have become much more realistic about what blockchain can affect in various business models:

“We’re past the stage that blockchain can cure everything, so people are becoming more realistic about what’s good for their business model.”

According to Forbes, Oracle currently has more than 100 customers using its blockchain…

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2019-04-10 20:28:00

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Written by Cointelegraph

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