Proof Point
PwC study found 79% of financial companies expect to adopt blockchain technologies by 2021, with insurance sector anticipating 100% adoption
Blockchain Adoption in Financial Services
2016 – 2021F (percentage)
| Note: | Data from PwC’s 2017 Global Fintech Survey of 1,308 participants involved in strategy and innovation from 71 countries across six regions |
Proof Point Findings
- Blockchain – Digital ledger where cryptocurrency and other transactions are recorded
- Financial Blockchain Adoption – Eight out of ten financial institutions estimated to adopt blockchain technologies by 2021
- Blockchain in Insurance – Respondents from insurance sector expect 100% adoption by 2021, faster than entire industry
- Adoption Benefits – Widespread interest in technology due to advantages of reducing costs, better monitoring of aggregated risk or losses, and streamlining processes
- Key Growth Drivers – Include growing blockchain adoption in financial services, increasing demand for more secure and transparent transactions, heightening focus on innovation, and continuous need to optimize business processes
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Accelerator |
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Sector |
Financial Services
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Source |
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Date Last Updated |
August 17, 2017
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