Consultants PwC surveyed 600 executives across fifteen territories about blockchain’s potential. The
results published today reveal 84% of executives reported having blockchain projects in progress. At the same time, 45% believe trust could delay adoption.
Steve Davies, blockchain leader at PwC, said: “Businesses tell us that they don’t want to be left behind by blockchain, even if at this early stage of its development, concerns on trust and regulation remain. Blockchain by its very definition should engender trust. But in reality, companies confront trust issues at nearly every turn.”
He continued: “Creating and implementing blockchain to maximize its potential is not an IT project. It’s a transformation of business models, roles, and processes. It needs a clear business case and an ecosystem to support it; with rules, standards and flexibility to deal with regulatory change built in.”
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Image Copyright: PwC
