Proof Point

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Majority of companies globally in PwC study are actively involved with blockchain technology, with more than half still in research and development

Stages of Companies in Blockchain Development
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
  • Blockchain Adoption – 84% of companies surveyed by PwC are involved in exploring blockchain technology, of which, most are still in research (20%) and development (32%)
  • Launched Projects – 15% of respondents are already using live version of their blockchain projects, while 10% are in pilot stages
  • Uninterested Companies – 14% of survey participants admit to not having any blockchain initiative in place in 2018
  • Company Goals – Executives aim for a well-designed blockchain that removes intermediaries, cut costs, improve transaction speed and reach, as well as increase transparency and traceability for many business activities
  • Key Growth Drivers – Include rapidly-advancing blockchain technology, proliferation of startups and service providers that improve accessibility of technology, and growing business demand for more streamlined business processes
Accelerator: Blockchain
Business Model and Practices: Data, Interfaces and Algorithms
Sector: Cross-sector
Function: Cross-Function
Source: 

Date Last Updated: March 7, 2019

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