Major Corporations Are Researching Blockchain Technology

Major Corporations Are Researching Blockchain Technology

A recent study showed that six out of ten large corporations (57%) are either using blockchain technology, or are considering to do it.Juniper Res

What’s in the future for Blockchain solutions?
The Blockchain Revolution Stretches Beyond Banking
IBM: Blockchain Good For Governent Services

A recent study showed that six out of ten large corporations (57%) are either using blockchain technology, or are considering to do it.

Juniper Research reportedly surveyed about 400 IT professionals, company founders, executives, and managers to study the issue. According to the study, only 15% of survey respondents knew “very little” about blockchain. A much larger proportion accounting to 76% of survey respondents believed that blockchain could be “very useful” or “quite useful for their company”, as the research found.

Moreover, 51% of companies that considered or actively deployed blockchain, felt that it will cause “significant” disruption to their partners/customers, as the results stated.

“Almost 400 company founders, executives, managers and IT responded to Juniper Research’s Blockchain Enterprise Survey; amongst companies who have reached the PoC (Proof of Concept) stage, two-thirds (66%) expected blockchain to be integrated into their systems by the end of 2018.”, as the research made clear.

“It is clear that companies across the board have a significantly greater understanding of blockchain technology than was the case 12 months ago.”, as the researchers concluded.

“As the number of research projects has increased so, too, has awareness, both amongst the participants and elsewhere in their industries, with competitor companies in turn beginning to consider whether they, too, should seek to gain competitive advantage from deployment.”, they added.

As previously reported by online medias like cryptocoinnews.com, blockchain technology has already been adopted by leaders in the field of financial technology like the London Stock Exchange Group (LSEG). Another example is Dubai that aims to become the first government using the blockchain technology by 2020, as cryptocoinnews.com reported at the end of last month.

COMMENTS