Proof Point

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Regulatory uncertainty, lack of trust and ability to bring network together identified as top three barriers to blockchain adoption of global companies in 2018, according to PwC

Global Companies’ Top Barriers to Blockchain Adoption
2018 (percentage)

Note: Data based on PwC’s 2018 Global Blockchain Survey of 600 blockchain-savvy executives from 15 territories, including United States, United Kingdom, Denmark, India, China, Australia, Japan, Hong Kong, France, Italy, Singapore, United Arab Emirates, and Germany; 31% of companies have revenues of more than US$1 billion. Data may not add up to 100% due to rounding off.
Proof Point Findings:
  • Blockchain – Distributed digital ledgers that record, authenticate and prevent duplication of transactions using algorithms and specific set of rules, without need for central authority
  • Uncertain Rules – 48% of global companies surveyed by PwC identified regulatory uncertainty as top barrier to blockchain adoption
  • Other Top Barriers – Lack of trust among users (45%) and ability to bring network together (44%) identified as other top barriers to blockchain adoption
  • Trusting Blockchain – User concerns persist regarding lack of standardization and unclear understanding of blockchain’s uses across business functions, affecting overall confidence in emerging technology
  • Key Growth Drivers – Include continuous expansion of blockchain use-cases across industries and territories, potential benefits of blockchain technology on existing business processes, and easing national regulations on blockchain technologies
Accelerator: Blockchain
Sector: Cross-sector
Function: Cross-Function
Source: 

Date Last Updated: April 2, 2019

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