Facebook is trying to reinvent itself as a private, encrypted network with the launch of its new cryptocurrency, Libra. Picture: Chesnot/Getty Images
At the moment, only big enterprises are employing RPA at scale. In 2020 we’ll start to see this trickle down to small and medium-sized businesses. RPA software revenue grew 63.1% in 2018 to $846m and will grow further to $1.3bn in 2019. That makes it the fastest-growing segment in the global enterprise software market, according toRPA provides improved accuracy for automated and repetitive tasks. Two-thirds of financial processes are now automated, in one shape or form.
So, what’s holding blockchain back from mainstream adoption? There are a few elements here, but broadly speaking it comes down to cost, scalability and trust. With industry leaders such as Amazon or Microsoftaround blockchain, we will begin to see accelerated adoption as they tackle the issues that have previously stopped it making its way into the mainstream — with real-world solutions coming into play from 2020.
It also goes a long way toward solving the problem of money laundering. In the present, largely paper-based system of financial transactions, there can be little or no trace of where money is coming from or going to. Therecently estimated that the criminal proceeds laundered annually amount to between 2% and 5% of global GDP, or $1.6-trillion to $4-trillion a year.
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