Magister Report: Blockchain to Thrive in 2016

69
ADVERTISEMENTScreditx RoboRobo Dreamtime

Share with:


Blockchain and payments will thrive in 2016, say Magister Advisors in its report, “The Tech Industry in 2016: the $0.5 Trillion Unicorn Test.”

Within FinTech, payments and Blockchain will be the most active segments – 2015 saw large financial institutions accelerate their pursuit of blockchain initiatives, and we will enter 2016 in a ‘race to production’ with vendors and FIs alike, vying to see who can be first to reap the benefits in actual deployment. Our views on the evolution of the space and potential investment opportunities are highlighted in our 2016 Bitcoin & Blockchain Landscape & Outlook. Payments has gone from “boring” to “disruptive” in a very few years, and we see a range of larger players from PSPs to alternative payments giants continuing to broaden their offerings as they seek to capture margin and customers.

In another relevant report from Magister about a month ago. A survey of leading crypto industry companies made the bold prediction that bitcoin will become the world’s 6th largest reserve currency by 2030.

“Blockchain is without question the most significant advancement in enterprise IT in a decade, on a par with big data and machine learning. What JAVA is to the Internet, blockchain is to financial services. We have now reached a fork in the road with Bitcoin and blockchain. Bitcoin has proven itself as an established currency. Blockchain, more fundamentally, will become the default global standard distributed ledger for financial transactions.”

It further argued that the top 100 financial institutions will spend $1 billion on blockchain projects during the next 24 months.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

Visit Website
View All Articles
advertisementBlockchain Expo