Deloitte Survey: Blockchain Reaches Beyond Financial Services

Deloitte Survey: Blockchain Reaches Beyond Financial Services

One of the “Big Four” financial companies, Deloitte, has conducted a survey concerning blockchain technology. The results showed that blockchain techn

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One of the “Big Four” financial companies, Deloitte, has conducted a survey concerning blockchain technology. The results showed that blockchain technology is emerging as a key business focus for US companies in different industry sectors, according to deloitte.com.

Commissioned by Deloitte, the online survey was conducted between November 14 and December 1, 2016. The respondents were a sample of 308 senior executives in the US at companies with $ 500 million or more in annual revenue.

According to the survey, nearly 40 percent of the respondents still have little or no knowledge of blockchain. At the same time, the others place it among their company`s highest priorities for 2017. Surprisingly, commitments to blockchain appear in industries outside of financial services.

“Most financial services companies have been involved in blockchain via their labs, investments, and pilots for a while now. Other industries are now starting to realize the potential for disruption, as well as the new opportunities that blockchain creates.”, said Eric Piscini, principal, Deloitte Consulting LLP and the Global Financial Services Blockchain leader as quoted by the report.

The consumer product and manufacturing industry and the sector of technology and media telecommunications have shown significant interest in pursuing blockchain strategies.

“Forty-two percent of executives surveyed in the consumer products and manufacturing industry are planning an investment of $5 million or more in the coming calendar year”, reads in the survey, which is available at https://www2.deloitte.com/us/en/pages/about-deloitte/articles/innovation-blockchain-survey.html. “Technology, media and telecoms execs follow at 27 percent, and financial services at 23 percent”, added the authors.

Deloitte has also opened several innovation labs focusing on blockchain research and development. The company has invested heavily in creating technology labs around the world including Dublin and New York, as cryptocoinnews.com wrote.

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