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Alternative Market Briefing

40% of enterprises willing to spend $5m or more in new blockchain initiatives over next 12 months

Monday, May 20, 2019

Laxman Pai, Opalesque Asia:

86% of senior executives interviewed believe that blockchain technology is broadly scalable and will eventually achieve mainstream adoption, said a survey.

Deloitte's 2019 Global Blockchain Survey revealed that the 'blockchain gets down to business'. It said that 83% of senior executives say their enterprises are seeing compelling use cases for blockchain today.

53% of senior executives say blockchain has become a critical priority for their organization this year, 10% higher than last year. 43% still see blockchain as overhyped, up from 39% last year.

40% of enterprises are willing to invest $5m or more in new blockchain initiatives over the next 12 months.

The survey polled a sample of 1,386 senior executives in a dozen countries (Brazil, Canada, China, Germany, Hong Kong, Israel, Luxembourg, Singapore, Switzerland, United Arab Emirates, United Kingdom, and the United States) at companies with $500m or more in annual revenue for US respondents and at companies with $100m or more in annual revenue for respondents outside of the United States.

Respondents had at least a broad understanding of blockchain and were familiar with and able to comment on their organizations' investment plans.

The respondents saw blockchain providing more diverse advantages than in 2018. Similarly, the increasing diversification of potential use cases for blockchain - and the wider array and greater parity of identified barriers to bloc......................

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