ISG to detail methods for evaluating and adopting blockchain
technology for maximum benefit in April
25 presentation at blockchain conference in London
LONDON, April 24, 2019 /PRNewswire/ -- Information
Services Group (ISG) (Nasdaq: III), a leading global technology
research and advisory firm, will discuss the value blockchain is
bringing to a broad range of industries, as well as the need for
future improvements, during Blockchain Expo Global 2019 in
London this week.
Yadu Singh, director,
ISG UK, will deliver opening remarks
at 10 a.m. tomorrow to kick off the
"Blockchain for Business" track on day one of the conference. The
event, at the Olympia Grand London, is billed as the world's
largest blockchain conference and exhibition.
"Blockchain technology has the potential to transform businesses
across sectors, and it is already generating legitimate value in a
number of industry applications," Singh said. "The challenge for
enterprises today is to assess how blockchain is applicable to
their specific business model and to their ecosystem of customers,
providers and partners before deciding to adopt the
technology."
Singh noted that blockchain has the potential to transform
businesses in sectors as varied as healthcare, finance, government,
manufacturing, music and more. He said the technology is being
used, for example, to track products and verify authenticity in
supply chain management; provide a real-time view of assets and
eliminate errors and inefficiencies in logistics; reduce fraud,
transaction costs and risk in finance; and create transparent,
tamper-proof, auditable records.
He also noted, however, that the lack of a traditional framework
of international standards is an obstacle to blockchain growth in
capital markets.
"The decision to adopt blockchain depends on social and cultural
norms, and what is acceptable in one country is not acceptable in
another," he said. "For every auto manufacturer that is gaining
efficiency and ensuring quality by tracking parts to their verified
source, there is a capital markets provider that is constrained by
the lack of a centralized, accepted standard. Blockchain is still
evolving and will take time to mature, and ultimately, competition
will drive its use and innovation."
ISG last year launched ISG Blockchain Now™, a new advisory and
sourcing solution that enables enterprise clients to improve the
efficiency, accuracy and security of their business processes
through distributed ledger technology.
ISG estimates the global market value of blockchain could exceed
US $300 billion by 2025, and more
than US $2 trillion by 2030.
For more information about the ISG Blockchain Now solution,
visit this webpage.
Blockchain Expo Global 2019 showcases two days of content from
leading voices embracing and developing cutting-edge blockchain
applications. More information is available on the event
website.
About ISG
ISG (Information Services Group) (Nasdaq: III) is a leading
global technology research and advisory firm. A trusted business
partner to more than 700 clients, including more than 70 of the top
100 enterprises in the world, ISG is committed to helping
corporations, public sector organizations, and service and
technology providers achieve operational excellence and faster
growth. The firm specializes in digital transformation services,
including automation, cloud and data analytics; sourcing advisory;
managed governance and risk services; network carrier services;
strategy and operations design; change management; market
intelligence and technology research and analysis. Founded in 2006,
and based in Stamford, Conn., ISG
employs more than 1,300 digital-ready professionals operating in
more than 20 countries—a global team known for its innovative
thinking, market influence, deep industry and technology expertise,
and world-class research and analytical capabilities based on the
industry's most comprehensive marketplace data. For more
information, visit www.isg-one.com.
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