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What can techies expect in the Year of the Boar?
"The most famous use of blockchain technology is cryptocurrencies like bitcoin, which is a digital record of transactions that cannot be altered," says Winnie Tang, honorary professor at the Department of Computer Science, University of Hong Kong and founder of the Smart City Consortium. "It is said to have the huge potential to disrupt financial services as well as other industries— but the problem is that there is no killer application that only blockchain can accomplish in the real world." Tang says that, according to Gartner's 2018 CIO Survey, "only one percent of CIOs confirmed having adopted blockchain technology within their organizations, and only eight percent of CIOs were planning or actively experimenting with blockchain in the near future."
"The most exciting technology scene in Hong Kong this year is the number of startups," says Winnie Tang. "Startup community Whub estimates that 2,800 startups have been established here as of September 2018, compared with 2,200—from a 2017 InvestHK survey. The total funds raised increased from $450 million last year to at least $1.9 billion in the first nine months of 2018."
"Data is the "new oil" to drive new economic development and emerging technologies like big data analysis and AI," says Winnie Tang.