IT Giant Predicts Blockchain Will Transform Tech Sector in 2016

American multinational CA Technologies believes that the technology underpinning the cryptocurrency bitcoin will find its footing in 2016.

In a blogpost titled Five Technology Predictions for 2016, Otto Berkes, the Chief Technology Officer (CTO) at CA Technologies, predicted a great year for the blockchain technology, saying that the innovative public ledger will “find a home outside of the Bitcoin transaction ledger.”

He stressed that the technology could be further incorporated within the existing Internet-of-Things framework, believing it has has the potential to become a transformative tool in improving the ways through which data is collected and exchanged between physical objects.

“A technology, like blockchain, that relies on a network of computers and has privacy at its core will be an important enabler of IoT and any organization’s digital transformation as it further streamlines operations for greater agility and customer responsiveness,” the CTO added, while further discussing its possible applicabilities in real-time data analytics, “agile security,” and containers and microservices.

Berkes’ statements appear in a time when many technology – as well as finance organizations – are considering to update their traditional and slow infrastructure with the much faster blockchain. Texas-based leading financial organization USAA has cleared its intentions regarding the use of the ledger technology in optimizing its back-end operations.

Even central banks, that used to have a narrow

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