Deloitte and PWC to State Increasing Corporate Interest in Blockchain

Deloitte and PWC to State Increasing Corporate Interest in Blockchain

The companies seem to confirm rising interest in blockchain technology among global community. Two different surveys show similar results

They admit the technology is likely to be adopted better and better, yet there are certain major obstacles at large.

The biggest barriers to blockchain adoption are regulatory uncertainty, lack of trust among users, poor ability to bring network together

PwC Global Blockchain Survey '18

So, recent PricewaterhouseCoopers survey shows:

  • Most of executives have a degree of participation in the technology;
  • More than half have a blockchain plan in the works;
  • A quarter is engaged in the progression of the technology.

Businesses tell us that they don’t want to be left behind by blockchain, even if at this early stage of its development, concerns on trust and regulation remain. Blockchain by its very definition should engender trust. But in reality, companies confront trust issues at nearly every turn

Steve Davies, blockchain leader at PwC

Deloitte conducted its own study. Its results are akin to those stated above:

  • Majority of the executives are positive blockchain will be adapted by the mainstream;
  • A little over half believe the technology could have a disruptive effect on their businesses.

Deloitte also discovered almost half of higher-ups in media and telecommunications have stated the intention to fund blockchain in-depth studies the following year.

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