Big Business Shows Intense Blockchain Interest

Big Business Shows Intense Blockchain Interest

One of the highly reputed research firms in the UK, Juniper Research, has recently announced that about 57% of the world’s biggest corporations and co

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One of the highly reputed research firms in the UK, Juniper Research, has recently announced that about 57% of the world’s biggest corporations and companies are looking for Blockchain technology to solve a myriad of integration challenges.

In the list were companies with more than 20,000 employees, which found out that about 60% were actively considering or rather were in the course of executing Blockchain technology.

At the advent of Blockchain technology, most companies have appreciated the value its adds to their operation and this explains why most of them are looking to be involved in the movement. Of those who were surveyed, about two-thirds of affirmed that they would be incorporating the technology before the end of 2018.

Looking into the future

Along with its allied digital currencies, the interest of this technology has recently skyrocketed. However, for big businesses, the whole idea of unhackable, distributed, ledger offers a plethora of solutions.

“It is crystal clear that most companies on the boards have had a significant understanding of what Blockchain technology is, and they have appreciated its value,” said one of the reports.

“Through the research and development conducted both in collaboration with third parties and internal teams, it has been recognized that the technology has the potential to be used to achieved various roles.”

Fresh startup market

With the advent of the latest technology, there are several key play players in the space of Blockchain. These are a host of new small start-ups who’re looking to work on different phases of Blockchain technology. The fresh interest from key corporations is a great thing for startups and expanding the technology alike.

Windsor Holden, who is the Blockchain specialist reported to CNBC that for fintech (or rather financial technology) startups in the space of Blockchain has already yielded good news since it has demonstrated a high level of demand within space’s enterprise.

He further said that the element of digitization of the distributed ledger technology could bring significant benefits not only financial services but also industries as well.

“Actually, Blockchain technology offers amazing benefits to corporate transparency and improves efficiency. If an enterprise is largely dependent on paper work for storage and has incredibly high volumes of transmitted information and transactions, it can be particularly effective,” Holden said.

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