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“Blockchain has become the invisible technology”

“Blockchain has become the invisible technology”

Madrid, January 24, 2024.- “Blockchain has become an invisible technology but one that proves it works. Now is the time for tokenization and the capabilities that decentralized technologies can bring. Blockchain is the underlying technology that will make this possible,” said Juan Jimenez Zaballos, chairman of Alastria’s Advisory Board, at the Tech Trends 2024 event, organized by Globant and Business Insider Spain.

The report, which ranks blockchain as one of the top5 trends for 2024, notes that while it remains a key technology for many industries, adoption is still low. “It is necessary for blockchain to be embedded in the solutions we use, especially SMEs,” said José Luis Núñez Díaz (Telefónica Tech). This technology is a “very powerful digital notary” with interesting uses beyond the financial industry, in particular to accredit in real time the integrity of data that allow us to make decisions with certainty and confidence.

Digital identity, capabilities in the transactionality of digital assets and process automation with the use of smart contracts can make a difference this year, as explained by Esteban Abete (Globant), Álvaro Alcañiz Rubio (Onyze) and Jose Antonio Herrero Moriana (ING Spain & Portugal). And the “promise”: the necessary interoperability.

The AI and quantum computing roundtables did not disappoint either. In the first, Celia Ruiz Hernandez (Cepsa) highlighted that “generative AI adds action to predictions and data; it allows interaction with the physical world using the huge volume of data available, like an orchestrator”. In the healthcare sector, AI is helping to make ‘useful predictions for patients’, as Angel Alberich-Bayarri (Quibim) pointed out, although for diagnostics there is still a long way to go.

Quantum is going to change the schemes as we know them so far. It will break the limits of traditional computing to solve problems that seemed impossible before. But first it has to face the challenges of its technological development: hardware scalability, process automation, controllability and cybersecurity, according to Marta P Estarellas (Qilimanjaro Quantum Tech), Martin Nanni (Globant) and Escolástico Sánchez Martínez (BBVA). And to advance in human aspects: talent training and awareness. We need “quantum awareness”, said Carlos Kuchkovsky (QCentroid) so that companies understand the potential and embrace the investment in time and resources that this technology requires.

It is worth listening to the full roundtables: https://lnkd.in/eNeZtzSt