Proof Point
Internet-of-Things processes, cybersecurity and trading expected to be blockchain’s greatest disruptions through 2021, according to executives in KPMG survey
Greatest Disruptions from Blockchain in Next Three Years
2018 (percentage of respondents)
| Note: | Data based on KPMG’s technology innovation survey of 767 business executives in technology industry, mostly (85%) C-level executives, from 15 countries |
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
- Internet-of-Things (IoT) Processes – 27% of business executives in KPMG survey said IoT processes will be greatest disruption resulting from blockchain initiatives through 2021, allowing software upgrades, warranties, and product refills to be done from blockchain
- Cybersecurity – 24% of executives also claimed cybersecurity will be blockchain's greatest disruption in next three years, such as reducing risk through ledger identity authentication
- Trading – Two in ten participants said trading processes will be biggest disruption by blockchain in three years, as technology becomes platform for small businesses to conduct transactions
- Contracts – 14% of executives also said ability to settle contracts on distributed ledgers will be blockchain’s most important disruption, which could enable payments, insurance, and identity confirmation via blockchain records
- Key Growth Drivers – Include increasing sophistication and expansion of blockchain applications, proliferation of third-party blockchain enablers and service providers, and growing business demand for implementation of emerging technologies that can improve existing processes
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Cross-sector
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Cross-Function
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Date Last Updated |
February 11, 2019
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