Wall Street Journal CIO Network: Blockchain Adoption Is Still Early

According to participants of the annual meeting of The Wall Street Journal CIO Network, blockchain technology adoption is still in its early stages.

Experts and industry players have said that the adoption of blockchain technology is still in its early stages at the annual meeting of The Wall Street Journal CIO Network, The Wall Street Journal (WSJ) reported Feb. 26.

The regular Wall Street Journal CIO Network is a membership exclusively for chief information officers and technology experts from the largest companies around the world. The event gathered a range of experts from startups, large corporations and governments to share their views on the development of enterprise technology.

Although enterprise blockchain technology has found its practical use, its new applications are not large scale, according to Christine Moy, executive director and head of the blockchain center of excellence at JPMorgan Chase. She added however that “these incremental use cases will evolve into something larger.”

Bridget van Kralingen, senior vice president of global industry platforms for IBM’s blockchain division, reportedly suggested that blockchain will eventually have more use cases business, and will specifically streamline document flow and establish authenticity. Van Kralingen reportedly stated:

“I think we see pull but it is very early days.”

Speaking about artificial intelligence (AI) adoption, participants said that the technology could help improve workflow in various industries, from human resources to sales. Stephen Messer, co-founder and vice chairman of Collective[i], reportedly said:

“In sales, AI can help with basic automation and foster better business analysis. The company uses data, artificial intelligence and predictive technologies to help sales professionals assess which potential deals are most likely to close. That insight can help managers decide where to focus team resources.”

Messer also added that it could be challenging to make companies take AI seriously, since they tend to be skeptical of its value and want to see results right away.

Both technologies have been gaining traction in recent times. According to the 2018 United States Emerging Jobs report by LinkedIn released last December, the role of blockchain developer registered an increase of 33 times in the past 12 months prior to December. That year’s top emerging jobs also included AI specialists, wherein “six out of the 15 emerging jobs are related in some way to AI.”

COMMENTS

By Readers$type=blogging$cate=2$count=6

Name

Analysis,498,News,2984,Press Releases,338,Sponsored,137,
ltr
item
CryptoNomus: Wall Street Journal CIO Network: Blockchain Adoption Is Still Early
Wall Street Journal CIO Network: Blockchain Adoption Is Still Early
https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy85MWZmNmRkM2MwOTBlOGQ5ZGE1NGIzYThiZTJjMzVmMy5qcGc=.jpg
CryptoNomus
https://www.cryptonom.us/2019/02/wall-street-journal-cio-network.html
https://www.cryptonom.us/
https://www.cryptonom.us/
https://www.cryptonom.us/2019/02/wall-street-journal-cio-network.html
true
4884201149675661183
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy