Part two of this series exploring the growing intersections of blockchain and artificial intelligence (AI) illustrated how this combination is transforming the blockchain ecosystem. The convergence is growing across a number of industries, and healthcare is a prime example. It’s also a fast-growing one. According to Morgan Stanley, the industry’s average estimated budget allocation to AI is projected to grow from 5.7% in 2022 to 10.5% in 2024. Similarly, blockchain’s market size in healthcare was valued at $1.97 billion in 2022 and is expected to expand at an eye-popping CAGR of 68% from 2023 to 2030. These growth predictions are unsurprising since, used properly, blockchain and AI can be excellent…
-
-
BMW accelerating blockchain use after successful supply chain pilot
The German carmaker is aiming to ensure raw materials and components are fully traceable in its ‘highly complex’ international supply chain
Last year’s initial trial saw BMW Group successfully purchase front lights, and the company now wants to expand the project to a broader range of participants. Ten suppliers are going to take part over the coming year, the company said.
-
Gartner Survey: 90% of blockchain-based supply chain projects are in trouble
The lack of well-identified use cases is causing “blockchain fatigue” to set in; caution urged for early adopters
Ninety percent of blockchain-based supply chain projects are faltering because they cannot figure out important uses for the technology, research firm Gartner said on May 7.
-
Here's a token that is meant to represent bitcoin because, hey, you've gotta look at something (via Pixabay)Finance types discuss blockchain’s threat to intermediaries
At Propelify, panelists talk blockchain’s transformation of supply chain management, payments and settlements, and international trade finance
[Modern Consensus columnist Michael Hillmeyer checked out the blockchain and cryptocurrency panels at the Propelify tech and music conference in Hoboken. Below is his review of the third panel (“Is Blockchain the Answer to Big Data Problems AND Does Blockchain Create Existential Threats to Intermediaries?”). Also check out his review of the first panel ( “Diversity in the Blockchain Industry and Why It’s Important to Get It Right Now”) and the second panel (“Is Crypto the Future of Money?”)] Fortunately for us, the third panel we attended was at the north or main stage (“Stage of Wisdom”), right next to where we were snacking. This discussion had by far…
