Blockchain and its adoption
While researching different ways that blockchain technology could be used to solve transactional issues for businesses, I came across a report from Deloitte. They released this report in May of this year, as an ongoing look into the blockchain space. My big takeaway from this in depth paper is that businesses are starting to get a better grasp of what blockchain is and have started to think of how they can apply it to solve their own business issues. While 53% of those surveyed name blockchain as part of their top 5 strategic priorities (up from 43% last year), only 30% have any sort of actual development happening. This says to me that companies are interested in utilizing blockchain but aren’t confident enough in it yet to invest heavily. I believe we’re on the cusp of that changing.
Read the full report here: https://www2.deloitte.com/us/en/insights/topics/understanding-blockchain-potential/global-blockchain-survey.html?id=us:2ps:3gl:confidence:eng:cons:32019:nonem:na:IK3QtAAO:1141606376:346859115084:b:Blockchain:Blockchain_Survey_BMM:nb