Latest News  

Deloitte: 80% of businesses see blockchain as a strategic priority

Deloitte's annual Global Blockchain Survey was recently released and shows some exciting trends for the blockchain industry.

2019-07-01 16:29:07

The survey polled over 1,300 senior executives in a dozen countries from U.S companies with at least $500 million in annual revenue and from non-U.S companies with at least $100 million in annual revenue. The executives are quite knowledgeable when it comes to blockchain technology with 56% of the survey participates working in information technology, 10% in finance, and the rest within other distinct industries.

The most interesting theme throughout the survey is not from the blockchains enthusiasts–many of them have remained very optimistic– but from the less confident individuals who now appear to have a much more positive perception of the potential impact of blockchain.

You can read the entirety of Deloitte's Global Blockchain Survey for 2019, or check out some of the most notable findings below:
· 53% of companies have placed blockchain as one of their top five priorities, a 10% increase from last year.
· 86% expect blockchain technology to be broadly scalable and achieve mainstream adoption.
· Executives reported that the greatest barrier for their firm to invest more money into blockchain technology is "replacing or adapting legacy systems."
· 20% of executives are working on using blockchain for tokenized equities or other assets.
· The primary criteria for joining a consortium blockchain network is to find companies with objectives that align with our companies. The benefits that enterprises expect from joining a consortium network are 1) cost savings 2) accelerated learning and 3) sharing risk.
· 47% of executives expect to see a verifiable ROI from blockchain in less than three years.
· 87% of organizations are expected to invest at least half a million dollars in blockchain technology with 41% expected to invest over $5 million dollars.
· 86% of executives believe blockchain will enable new business functionalities and revenues streams their specific industries.
· 56% of respondents think that blockchain will disrupt their organization or project's industry.
· The most significant advantage of blockchain technology is 1) New business models 2) Greater security/lower risk and 3) Greater speed compared to existing systems
· 96% of executives view blockchain solutions as similarly secure or more secure than conventional IT solutions.
· 40% of firms are planning on joining or leading a consortium in the next year.
· The IT Department (57%) or Top management (30%) are leading the blockchain decision making.

Furthermore, Deloitte's research states that, "as this emerging field expands, more executives are expecting blockchain to bring numerous benefits to their businesses. Compared to last year, the overall perception of blockchain technology has become more positive, likely from increased use cases, more proof of concepts, and internal testing from large enterprises. More interestingly, most enterprises are expecting to join consortium networks to reduce costs, mitigate risk, and accelerate learning. Many enterprises are still evaluating their options when it comes to implementing permissioned or public networks for their business needs." Overall, the majority of respondents view blockchain as a transformative technology that will disrupt many industries. Only time will tell, but at least we know where these people are putting their money, according to the study.


0 COMMENTS ^ Go back to Top
WRITE A COMMENT ^ Go back to Top
 
Your email address will not be published.
Nickname
Email
Comment
Validation Code
   
 
 
NEWS
JLL: Total office space in Bucharest to reach 3 million sqm

The second quarter of 2019 reconfirmed the increased interest for the office market in Romania. Over 115,000 square meters of office space were leased over this period at the national level, a value similar wit

 Read Full article »
Horváth & Partners launches Steering Lab, Big Data and Machine Learning-based excellence center

Management consultant Horváth&Partners announced it launched an excellence center in Romania, Steering Lab, AI-based and using tools of Big Data and Machine Learning.

 Read Full article »
Colliers International takes over the property management of Vastint's Business Garden Bucharest

The real estate consultancy company Colliers International will be in charge with the property management of the office compound Business Garden Bucharest, developed by Vastint in Orhideea area in Bucharest.

 Read Full article »
Survey: Romanians switch to a lower-paying job for other advantages

One out of five Romanians took at least once throughout their career a lower-paying job and two out of five would take a lower-paying job in exchange for other advantages they see as more valuable, a survey con

 Read Full article »
Fujitsu named a leader in Gartner Magic Quadrant for Data Center Outsourcing and Hybrid Infrastructure Managed Services, Europe

Gartner has once again named Fujitsu a Leader in the 2019 Gartner Magic Quadrant for Data Center Outsourcing and Hybrid Infrastructure Managed Services, Europe. This is the seventh consecutive year that Fujitsu

 Read Full article »
KKR enters exclusive negotiations with GBL for Webhelp Group

KKR, a leading global investment firm, announces it has entered into exclusive negotiations to sell a majority stake in the Webhelp group to Groupe Bruxelles Lambert (GBL). GBL will invest alongside Webhelp's

 Read Full article »
TELUS International continues to grow in Bucharest

In order to support the extensive hiring planned for TELUS International in Bucharest this year, the company has acquired 1,200 sqm more space, in addition to the 8,800 sqm office space it has in AFI Park.

 Read Full article »
EY: Four out of five companies plan to reduce their legal spend over the next two years

Eighty-two percent of companies plan to reduce their legal function costs over the next two years, with 42 per cent of respondents planning on doing so by more than 10 per cent, according to a new report releas

 Read Full article »
ANCOM: About 15 million connections affected by security

About 15 million connections were affected in 2018 by security incidents that had in view the security and integrity of electronic communications networks and services, most of them being about mobile telephony

 Read Full article »
PwC Report: In ten years, digital transformation will impact 600,000 jobs in Romania

Over the next ten years, the digital transformation generated by new technologies will affect 600,000 jobs in Romania, according to the PwC's Workforce Disruption Index, presented on July 2, 2019 at Workforce f

 Read Full article »
 
 
 
MOST READ ARTICLES
» Raiffeisen Bank Romania outsources onl...
» Oracle results pushed down by a strong...
» World-class HR organizations now spend...
» Apostoleanu, Oracle: Human talent, mos...
» Microsoft and Oracle to interconnect M...
» The importance of training in developi...
» ANIS: Romanian IT market annual revenu...
» Healthcare IT outsourcing market is ex...
» Bosch Service Solutions to grow 20% Ti...
» Omnichannel: 4 pillars of a purposeful...
 
EDITOR CHOICE
My HR Lab: Research of suitable candidates and giving feedback to rejected ones, the biggest challenge in HR

During June 2019, My HR Lab company run an online (social media platforms) survey "Challenges of the recruitment process" which enrolled over 100 professionals working in HR and recruitment in Romania.

 Read Full article »
The local market needs more added-value and complex projects to be developed by the companies

The statement has been uttered within this year's Romanian Outsourcing and Shared Services Summit by Catalina Dodu, Country Manager at Atos, pointing to the local enablers that could enhance the innovation and

 Read Full article »
The office market at a glance: The round for tenants is on

Data provided by CBRE show that the office spaces segment will continue to grow rapidly in 2019, and 15 new projects covering 304.000 sqm will be delivered. According to the real estate consultancy agency, curr

 Read Full article »
People Empowering Business Forum 2019 to take place on October, 30 at Bucharest

Latest trends like demographic upheaval, globalization, digital technology, and changing social values and worker expectations, are disrupting business models and radically changing the workplace. These are req

 Read Full article »
Addressing the mantra of cyber-security: Confidentiality, integrity and availability

The fast advancement of technology in all the aspects of everyday life, either personal or professional, and the emerging of AI (Artificial Intelligence) and ML (Machine Learning), not to mention cloud technolo

 Read Full article »
Latest News  
 
about us | newsletter | contact | members area | GDPR policy
Copyright © 2015 by Diplomat Media Events Design by Diplomat Media Events