A look into the future of blockchain technology

Area of Science:

• Technology, Business, Economics, Sociology

Background:

• Blockchain technology offers transformative potential for businesses and society.
• Understanding the future impact of blockchain is crucial for strategic planning.

Purpose of the Study:

• To investigate the extent to which blockchain applications will affect firms' organizations, innovations, and strategies by 2030.
• To identify key societal areas likely to be affected by blockchain adoption in Europe.

Main Methods:

• Utilized a Delphi approach with experts to gather consensus-based projections.
• Analyzed potential changes across business, culture, society, policy, economy, and technology.

Main Results:

• Identified significant potential impacts of blockchain on European firms and society.
• Developed four future scenarios based on expert consensus regarding asset digitization and business model transformation.

Conclusions:

• Blockchain adoption is projected to drive substantial changes in European business and societal landscapes.
• Future scenarios highlight the interplay between digital assets and evolving business models as key drivers of change.