Gartner Research

The Future of Money Is the Programmable Economy, Not Just Bitcoin

Published: 20 November 2014

ID: G00270192

Analyst(s): David Furlonger

Summary

Media attention to digital cryptocurrencies is causing many business and IT leaders to miss one of the most transformational phenomena in economic history. The real story is not bitcoin, but the fundamental changes in digitally enabled business protocols that the programmable economy introduces.

Table Of Contents
  • Impacts

Analysis

  • Digitally Enabled Protocols and Business Rules Create New Competitive Threats and Market Opportunities Across Every Industry for the Programmable Economy

Impacts and Recommendations

  • An increasingly globalized, decentralized digital representation of value is forcing all business and IT leaders to confront the now-eroding concept of sovereignty previously reinforced by central-bank-issued fiat currency
  • Digitalization of business and society are aggressively challenging the traditional foundations of the world financial order, requiring CIOs and business leaders to analyze the impact of digital currency on operations
  • An ecosystem of cloud-based networks that facilitate specific customer use cases for value exchange is forcing CIOs and business leaders to develop innovative service offerings

Gartner Recommended Reading

©2020 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc. and its affiliates. This publication may not be reproduced or distributed in any form without Gartner’s prior written permission. It consists of the opinions of Gartner’s research organization, which should not be construed as statements of fact. While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartner research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such. Your access and use of this publication are governed by Gartner’s Usage Policy. Gartner prides itself on its reputation for independence and objectivity. Its research is produced independently by its research organization without input or influence from any third party. For further information, see Guiding Principles on Independence and Objectivity.

Already have a Gartner Account?

Become a client

Learn how to access this content as a Gartner client.