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iren [92.7K]
3 years ago
8

Blockchain technology is an emerging technology with potential applications in logistics, distributed ledgers, social media, fin

ancial services, and digital identification. The market for blockchain technology is estimated to reach 2.3 billion dollars by 2021, 10-times larger than the market was in 2016. In its SWOT analysis, IBM should classify the growth of blockchain market as a(n)
Business
1 answer:
icang [17]3 years ago
7 0

Answer:

Opportunity

Explanation:

In the SWOT analysis, external events are classified as either Opportunities or Threats, while internal events are classified as either Strenghts or Weaknesses.

In this case, we find that Blockchain is a technology that is external to IBM, and that IBM has the technological capita, and know-how, to enter this market and develop its own version of Blockchain. For this reason, the growth of Blockchain technology represents an opportunity for IBM.

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