Globant publishes Sentinel Report on Industry Impact of Blockchain

by Arthur · September 15, 2022

The report highlights how businesses, across verticals, can use blockchain to drive innovation

SAN FRANCISCO, 15 September 2022 /PRNewswire/ — Globant (NYSE: GLOB ), a digital native company focused on reinventing businesses through innovative technology solutions, published its Sentinel Report, “Blockchain, a Game Changer for All Industries.” The report covers how blockchain is reinventing the digital landscape, the tools needed for companies to best utilize this technology, and impactful applications of blockchain in various industries, as well as highlighting the challenges and benefits of blockchain adoption.

“The value of blockchain is not only found in the management of crypto-assets or new ways of interacting with money, but it changes many aspects of our daily lives and businesses,” said Diego TartaraChief Technology Officer at Globant. “There are several benefits of blockchain that can be used for many different applications, from improving the efficiency of transaction processes, such as in finance where you can tokenize financial assets to perform conventional ownership transfers faster and cheaper, to tracking inventory and guaranteeing product authenticity, such as an example in retail. Through this report, we aim to help both new and experienced blockchain users understand the benefits, challenges and impacts of the technology.”

Key data on blockchain’s impact in the report include:

Blockchain in agriculture and food will reach a value of 1.48 billion dollars by 2026 (BIS Research)
The financial sector accounted for around 30% of the market value of blockchain (Statista)
The projected growth for blockchain in healthcare in 2028 is more than 1 billion USD (Vantage Market Research)

The Sentinel report also notes that blockchain has already had a positive social impact, including improving supply chain integrity, securing digital identity management and connecting the “unbanked” (people with little or no access to mainstream retail banking).

“Blockchain is empowering industries and pushing humanity to take transcendent leaps that will take us forward by introducing us to new models of collaboration that allow individuals to help others through peer-to-peer exchange,” said Alan Verbner, co-founder of Atix Labs, a Globant division. “From Blockchain Studio, we see that the impact of the blockchain will continue to deepen the concept of ‘ownership’ and identity. This technology will empower people by allowing them to own their data in fields as diverse as education and finance.”

Blockchain Studio helps clients reinvent their business through Globant’s cross-industry expertise and state-of-the-art blockchain technologies, designing and building customized decentralized and resilient solutions that increase strategic business value enabling efficiency, immutability and transparency.

To access the full report, please click here.

About Globant

We are a digitally native company that helps organizations reinvent themselves to create a path forward and unleash their potential. We are the place where innovation, design and engineering meet scale.

We have more than 25,900 employees, and we are present in 20 countries, working for companies such as Google, Electronic Arts and Santander, among others.
We were named a worldwide leader in CX Improvement Services by the IDC MarketScape report.
We were also referred to as a business case study on Harvard, MITand Stanford.
We are a member of the Green Software Foundation (GSF) and the Cybersecurity Tech Accord.

Consult: [email protected]

For more information, visit www.globant.com.

SOURCE Globant