Frank Xiong, vice president of Oracle blockchain product development: More than half of companies will use blockchain in the next few years

Frank Xiong, vice president of Oracle's blockchain product development, said at the Forbes Chief Information Officer Summit that he predicts that 50% to 60% of companies will use blockchain technology in the next few years. Oracle currently has more than 100 customers using its blockchain platform to track items. Xiong believes that there are already stages in which people think that blockchain can solve everything, so people have become more realistic in terms of what is good for their business model.