Last month, professional services firm Ernst & Young (EY) published a
report surveying the adoption of public blockchains by enterprises. EY commissioned Forrester Consulting to sample organizations across the U.S., Europe and Asia.
At present, most enterprises that adopt distributed ledger technology (DLT) are using private blockchains to provide more control and address perceived risks relating to privacy and scalability. The survey found the top three concerns about public blockchains are a lack of maturity (58%), security (53%) and privacy (50%). But if you look at reservations irrespective of public or private, the issues rank as security, privacy and interoperability (45%).
Whether it’s concerns about
interoperability or a hope that public blockchains will mature, 75% of the respondents said they are likely to use a public blockchain in future.
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Image Copyright: EY
