Organizational Barriers to Greater Blockchain Technology Investment

Organizational Barriers to Greater Blockchain Technology Investment
Organizational Barriers to Greater Blockchain Technology Investment

Proof Point

Deloitte study found regulatory issues and implementation as top organizational barriers in increasing blockchain investment in 2018

Organizational Barriers to Greater Blockchain Technology Investment

2018 (percentage)

Note: Data from Deloitte’s 2018 Global Blockchain Survey of 1,053 senior executives in companies with $500 million or more in annual revenue across seven countries including Canada, China, France, Germany, Mexico, United Kingdom and United States

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
  • Top Issues – 39% of respondents in Deloitte survey answered regulations as top issue in increasing organization investment in blockchain, followed by replacing or adapting to legacy system (37%), potential security threats (35%), and uncertain return on investment (33%)
  • Organization Focus – 28% of companies surveyed lack in-house skills/understanding, while 22% have no business interest in technology in 2018
  • No Barriers – Only 6% of executives did not come across any barrier to greater investment in blockchain technology
  • 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

Accelerator

Business Model and Practices

Business Model
and Practices

Sector

Cross-sector

Source

Date Last Updated

January 21, 2019

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