HomeCommunityBlockchain top business disrupter in 2018 – Dimension Data

Blockchain top business disrupter in 2018 – Dimension Data


Blockchain is the technology with the greatest potential to disrupt and reshape digital business in 2018, according to Dimension Data.

The global technology company named distributed ledgers as top disrupter, ahead of AI, machine learning, robotics and VR/AR, and said that businesses that have not started the digital investment cycle are at “high risk of being disrupted”.

Blockchain came out on top due to its “immense potential to disrupt and transform the world of money, business, and society using a variety of applications”.

Ettienne Reinecke, Dimension Data’s Group Chief Technology Officer, said:

“Last year, when we looked at the top digital business trends for 2017, we predicted that centralised transaction models would come under attack. We were spot on.

“In the financial services sector, we’ve seen the US and European capital markets moving onto Blockchain platforms, and similar activity in markets such as Japan. Considering how conservative and compliance-focused this sector is, that’s quite remarkable.”


Aside from the much-touted security and transparency benefits of distributed ledger technology, Reinecke believes that blockchain will also begin deliver on the promise of IoT in the coming years:

“In the world of IoT you’re generating millions of small transactions that are being collected from a distributed set of sensors. It’s not feasible to operate these systems using a centralised transactional model: it’s too slow, expensive, and exclusive.

“To extract the true value from IoT technology you have to be able to operate in real time. Once a sensor alert is received from a control system you must react to it, meter it, and bill for it instantly – all of which negates the viability of a centralised transactional authority. The cost of the transaction has to be near-zero or free, and the cost elements of a centralised model simply don’t support the potential business model in IoT.”

Dimension Data are predicting interesting blockchain-related developments in IoT and cybersecurity in 2018. There have been a number of significant attacks have been launched from low-cost IoT endpoints, and device manufacturers have little incentive to take on the cost of a security stack, leaving the devices vulnerable.

Dimension Data think that blockchain will play an important in securing these devices and IoT ecosystems.

Originally published on Blockchain Technology News.


Cyprus registers Binance as a cryptocurrency service provider.

Binance, a cryptocurrency exchange, will be able to provide services for virtual currencies in Cyprus as a result of the platform's recent registration with the...

More than 24,000 ATMs in Brazil will offer USDT through Tether and Smartpay.

Usdt, the largest dollar-pegged stablecoin on the market, was created by Tether, a company. Tether recently announced that more than 24,000 ATMs in Brazil will...

To solve the blockchain modularity issue, Celestia raises $55 million.

The project Celestia, which seeks to address the alleged centralization issue in the current monolithic blockchains, has announced the completion of its most recent funding...

Hong Kong considers removing the “Professional Investor-Only Requirement” and allowing retail investors to trade cryptocurrency.

Securities and Futures Commission (SFC) of Hong Kong's director of licensing and head of the fintech division both confirmed that the regulator is taking into...

Follow us


Most Popular