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Laxman Pai, Opalesque Asia: Blockchain technology has increased in popularity during the last 18 months, according to Deloitte's 2018 Blockchain Survey, 74% of the executives who took part see themselves as either "Excellent," or as "Experts," when it comes to blockchain.
40% of 1.050 executives, surveyed from seven different countries - Canada, China, France, Germany, Mexico, U.K., and the U.S. - at companies with $500m or more in annual revenue, said their companies were looking to invest at least $5m in blockchain-based projects.
"74 % of all the respondents to the survey said their executive team believes there is a "compelling business case" for use of blockchain technology, with 34 % saying that some form of blockchain deployment was already in process within their organization," said the survey.
The survey, which notably focused on "blockchain-savvy" execs from so-called "digital enterprises" rather than startups, said that "Ultimately, [blockchain is] more of a business model enabler than a technology."
The survey's findings revealed that executives who have "excellent-to-expert" knowledge about distributed ledger technology (DLT) "looked poised to make some major moves over the next year."
Notably, 59 % of Deloitte's survey respondents believe that blockchain technology has the potential to "disrupt" their industry. Also, 29% of those surveyed said they were actively participating in a "blockchain consortium."
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