Blockchain hope surge from semi-conductor sector

September 18, 2018
Chris Wheal

A new report claims 88% of semi-conductor industry executives think blockchain will be installed into their organisation within three years.

Fueling the Industry’s Future as Never Before is based on a survey of semiconductor executives; the Accenture report claims nearly nine out of 10 of executives expect blockchain will be deeply integrated in their organization’s systems – the highest percentage among 18 industries surveyed.

Well connected: blockchain support is climbing from the semi-conductor sector

Faster to market, cheaper cost

“Throughout the industry’s complex supply chain,” Syed Alam, a managing director in Accenture Strategy who leads Accenture’s Semiconductor practice, “blockchain simplifies business operations leveraging semiconductor chips and related technologies.”

Blockchain’s faster traceability will improve companies’ business operations and accelerate delivery of their products to market and at lower costs he says.

“Semiconductor companies can also use blockchain to create, scale and manage technology-based collaborations and redefine future business transactions.”

Structures of silicon on sapphire are illuminated by polarized light

AI lift also

Accenture claims that the semiconductor industry is also optimistic about the adoption of artificial intelligence, “with 90 percent of semiconductor executives – a higher percentage than in any other industry surveyed – saying they agree with the statement that every human globally will be directly impacted on a daily basis by an AI-based decision within three years.

In addition Accenture says “more than half (54 percent) strongly agree with the statement that within the next two years AI will work next to humans in their organizations as a co-worker, collaborator or trusted advisor”. Again, a higher percentage than in all other industries surveyed it says.

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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