A recent survey by Jupiter Research estimated that 40% of respondent companies surveyed have moved beyond strategic analysis and into active adoption of blockchain technology, with this number rising to 57% at companies with more than 20,000 employees. Additionally, PwC’s 2018 survey of 600 industry executives found that 84% indicated that their organizations have some involvement with blockchain technology. What’s more is that Gartner forecasts that blockchain will generate an annual business value of more than $3 trillion by 2030, and that it is possible for 10% to 20% of the global economic infrastructure to be running on a blockchain-based systems by that same year.
Why? As a distributed, tamperproof ledger, a well-designed blockchain does not just cut out intermediaries, reduce costs, and increase speed and reach. It also facilitates greater transparency and traceability for many traditional and long-standing business routines.
Everyone is talking about blockchain, and no one wants to be left behind.
What to do:
- Examine the blockchain technology architecture from an economic or financial perspective
- Discover the possibilities and limitations of blockchain technology and evaluate its long-term implications for your business
- Develop a sound understanding of the key costs significantly lowered by blockchain technology
- Contact us with any questions you may have at firstname.lastname@example.org