Cisco’s report stated that the blockchain has the ability to hold 10% of the world’s GDP by 2027. Cisco’s report stated that the sheer potential of the blockchain technology lies in its ability to “automate trust.” Cisco, one of the largest tech conglomerates in the world, released a report on the company’s enterprise-oriented blockchain platform, which made the following interesting observations: Global blockchain market will be worth $10 billion by 2021. The blockchain has the potential to hold as much as 10% of the world’s GDP. Several trillion dollars worth of value could be stored on both decentralized and permissioned blockchains by 2027. Cisco’s report stated that the sheer potential of the blockchain technology lies in its ability to “automate trust.” “The true innovation of blockchain is its ability to automate trust among the parties using it. Transactions are settled in a collective fashion and recorded on a distributed ledger, which removes the need for an established third party to create a trusted relationship. Participants can directly use the blockchain as the source of truth instead of one another.” On their own enterprise blockchain platform, Cisco said: “Cisco is building a comprehensive foundation for enterprise blockchain technology that brings together our strengths in high-availability distributed systems architecture as well as best-in-class capabilities around security, identity, and cryptography. To accelerate enterprise adoption, we’re also bringing together a world-class ecosystem of partners and alliances to deliver a true Internet-scale trust network. As businesses look to realize the promise of this transformative technology, Cisco is focused on making blockchain enterprise ready, and we encourage you to contact your Cisco representative to learn more.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next BoJ ‘Summary of Opinions’: Must keep current policy FX Street 4 years Cisco's report stated that the blockchain has the ability to hold 10% of the world's GDP by 2027. Cisco's report stated that the sheer potential of the blockchain technology lies in its ability to "automate trust." Cisco, one of the largest tech conglomerates in the world, released a report on the company's enterprise-oriented blockchain platform, which made the following interesting observations: Global blockchain market will be worth $10 billion by 2021. The blockchain has the potential to hold as much as 10% of the world's GDP. Several trillion dollars worth of value could be stored on both decentralized and permissioned… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.