Blockchain
Millennials And Technology Leaders Differ On Top Technologies For Business Transformation: KPMG Report
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Highlighting divergent opinions between global tech leaders and millennials, KPMG’s report on technology industry innovation shows some differences about which technologies each group feels will have the biggest impact on business transformation in their companies over the next three years.
Millennials in the technology industry, in just a few examples of differences, see 5G, quantum computing, and digital payments among technologies having the greatest impact, while industry executives see blockchain, virtual reality and On Demand platforms among the top technologies for business transformation, according to a new report from the tax, audit and advisory firm.
Yet, in a few examples of similarities, both millennials and tech industry leaders rank artificial intelligence, Internet of Things (IoT) and robotic process automation (RPA) high on their lists of transformational technologies.
To see the full report, go to: https://info.kpmg.us/techinnovation/disruptors.html
“Millennials’ perspectives show the influence of having grown up in a digital and mobile world,” said Tim Zanni, KPMG Global and U.S. Technology Sector Leader. “While they are high on 5G’s impact in their companies within the coming years, a KPMG analysis projects that in about three years we will begin see 5G unlock an estimated $373 billion in technology company value globally. The timing aligns with tech leaders leaving 5G out of their top 10 technologies for business transformation in their companies over the next three years.”
The findings highlight new insights from the annual KPMG Technology Industry Innovation Survey of over 740 technology industry leaders globally, and a separate survey of 600 millennials working in tech.
RPA and blockchain rising
KPMG’s survey of tech executives also found that RPA and blockchain have risen rapidly as two of the top technologies to help organizations improve their performance.
“Having RPA as the biggest mover in KPMG’s survey may mean companies would like to ease their way into artificial intelligence (AI).” said Zanni. “They see RPA as a step on the proof-of-concept path toward AI, which was number three on the list.”
Blockchain’s rise into the top four aligns with recently released KPMG findings showing that 41% of tech industry leaders surveyed expect to implement blockchain over the next three years, with nearly half saying it will change the way their company does business.
“The pace of change means it is more important than ever to make strategic, long-term investments in innovation, and pay close attention to the impact RPA, blockchain and AI are having on the business model and labor dynamics,” said Fiona Grandi, KPMG National Managing Partner, Innovation & Enterprise Solutions.
Regardless of the technology, tech leaders most frequently cited “improved business efficiencies” and “increased profitability” as the top benefits for companies adopting these transformational technologies. Surprisingly, “increased market share” and “new revenue streams” were farther down the list. “Unproven business case” was the most often cited challenge. “Business leaders are more focused on taking costs out of their business and are uncertain how new technologies can help them grow revenue and market share,” said KPMG’s Zanni.
KPMG’s report outlines the following actions that companies and their boards can take to gain a competitive advantage using the technologies:
- Assess the impact on their business model
- Prioritize funding for adopting new technology
- Engage in mergers and acquisitions and partnerships to accelerate implementation
- Ensure their business model is adaptable to the new technologies
- Foster an innovative culture
- Explore adopting technologies that millennials are comfortable with.
SOURCE KPMG LLP
The anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to stir anxiety within the cryptocurrency market. This significant influx of Bitcoin, which has been tied up since the collapse of the Mt. Gox exchange in 2014, raises questions about its potential impact on market dynamics and investor sentiment.
The return of these long-dormant Bitcoin holdings may lead to increased volatility and uncertainty in the cryptocurrency market. Market participants are likely to closely monitor the movement of these funds and assess their potential impact on Bitcoin prices and overall market stability.
Additionally, the large-scale return of Bitcoin from the Mt. Gox era may trigger concerns about potential selling pressure and its effect on market liquidity. Investors may anticipate fluctuations in Bitcoin prices as these funds are reintroduced into the market and traded.
Furthermore, the return of these Bitcoin holdings highlights the ongoing legal and regulatory challenges associated with the Mt. Gox saga. The resolution of this long-standing issue could have far-reaching implications for investor confidence and the perception of security within the cryptocurrency ecosystem.
Overall, the anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to evoke anxiety among market participants and prompt heightened scrutiny of market dynamics. As the cryptocurrency market braces for this significant development, it remains to be seen how it will navigate the potential challenges and opportunities presented by the return of these funds.
Source: blockchain.news
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Blockchain
Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration
Binance is currently embroiled in a legal dispute in Canada over allegations of selling cryptocurrency derivative products without proper registration. This lawsuit underscores the regulatory challenges facing the cryptocurrency exchange in various jurisdictions.
The lawsuit accuses Binance of offering crypto derivative products to Canadian investors without obtaining the necessary registration from Canadian securities regulators. This legal action highlights the importance of compliance with regulatory requirements in the cryptocurrency industry, particularly concerning the sale of derivative products.
Binance’s legal woes in Canada reflect broader concerns about regulatory compliance and investor protection within the cryptocurrency sector. As authorities worldwide increase scrutiny of cryptocurrency exchanges and trading platforms, companies like Binance face mounting legal and regulatory challenges.
The outcome of this lawsuit could have significant implications for Binance and the broader cryptocurrency industry in Canada. Depending on the court’s ruling, it could lead to increased regulatory oversight and stricter enforcement measures for cryptocurrency exchanges operating in the country.
In response to the lawsuit, Binance has stated that it is committed to compliance with all applicable laws and regulations in the jurisdictions where it operates. However, the outcome of this legal dispute will likely shape the regulatory landscape for cryptocurrency exchanges in Canada and influence their future operations and compliance efforts.
Source: blockchain.news
The post Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration appeared first on HIPTHER Alerts.
The Cardano Foundation has announced the launch of Pragma, marking a significant milestone in open-source blockchain development. Pragma aims to revolutionize Cardano by enhancing its infrastructure through innovative open-source projects.
Pragma represents a new chapter in the evolution of Cardano, focusing on improving its underlying infrastructure and expanding its capabilities. The initiative underscores the Cardano Foundation’s commitment to fostering innovation and driving progress within the blockchain ecosystem.
By leveraging open-source projects, Pragma seeks to enhance Cardano’s functionality and scalability, paving the way for broader adoption and increased utility. These efforts are expected to unlock new opportunities for developers and users alike, further cementing Cardano’s position as a leading blockchain platform.
Pragma’s launch highlights the ongoing evolution of Cardano and its commitment to pushing the boundaries of blockchain technology. Through collaborative open-source development, Pragma aims to address key challenges and drive continuous improvement within the Cardano ecosystem.
The Cardano Foundation’s announcement of Pragma signals a significant step forward in its mission to build a decentralized and sustainable blockchain infrastructure. With Pragma, Cardano is poised to embark on a new era of innovation and growth, setting the stage for a future of unprecedented possibilities in blockchain development.
Source: cryptonews.com
The post Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development appeared first on HIPTHER Alerts.
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