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Juniper: 65% of large enterprises interested in blockchain

juniper enterprise blockchain

Juniper Research found that 65% of companies with more than 10,000 employees were considering or actively engaging in blockchain deployment (2017: 54%). Almost 25% of companies considering deploying blockchain have moved beyond the Proof of Concept stage. They’re now conducting trials or are in the process of launching initiatives. Their latest enterprise blockchain survey covered 200 companies globally.

All respondents that have already spent more than $100,000 on blockchain projects plan to spend at least as much in the coming year.

Last year Juniper found that 34% of use cases centered around payments. Because the range of applications is now broader, payments only constitute 15% of projects.

The survey asked respondents to rank blockchain technology and service providers, including the likes of Accenture, Deloitte, IBM, Microsoft, and Oracle. IBM was ranked first by 65% (2017: 43%) with Microsoft second at 7%. The list that respondents chose from was: Accenture, Bitfury, Cognizant, Deloitte, EdgeVerve, Hewlett-Packard Enterprise, IBM, KPMG, Microsoft, Oracle, PwC, SAP. A fuller version of last year’s survey is available from the IBM website.

Nearly half of survey respondents are considering using Ethereum as their blockchain protocol. It would be useful to know which stage of blockchain development for those companies. Ledger Insight’s anecdotal evidence is the vast majority of companies use Ethereum for the first experiment. Some stay and some move on.

Other surveys

This year there have been numerous blockchain surveys. The results are quite diverse.Deloitte’s survey was one of the more optimistic, and Gartner‘s the most pessimistic.

PwC published two, one a global survey and another survey for China.

EY published research focused on the banking sector, and AxiomSL surveyed compliance executives.

Image Copyright: Juniper Research