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Survey: Education Barrier to Crypto Trading, But Eagerness to Learn

Survey: Education Barrier to Crypto Trading, But Eagerness to Learn

Crypto-asset education is in demand according to a survey conducted by investment platform eToro and Provoke Insights, an independent market research and strategy firm.

Knowledge is power

According to a press release, 1,000 online investors were surveyed, revealing that many were lacking in education when it came to crypto-assets and that they were keen to learn more.

The survey carried out by eToro’s US division found that 69% of all respondents which included those who own cryptocurrencies were interested in learning more. For those who are not in possession of cryptos, approximately 75% said that they lacked knowledge about them, with 20% of crypto-holders also indicating the same.

Resources

Seemingly, education is a hurdle preventing a larger-scale of crypto investment with 44% of respondents citing education as the primary reason for not trading cryptocurrencies. Surprisingly, this was also evident among millennials who, while being far more informed on the technology, also said that education was holding them back, this according to 40% of millennials who don’t invest in cryptocurrencies.

US managing director of eToro Guy Hirsch commented: “Online investors are still keeping their eye on cryptocurrencies, but this survey revealed that there is a serious lack of educational resources available to those who would like to invest in or learn more about crypto.”

Some 67% of cryptocurrency investors rely on their trading platform while 42% utilize social media; YouTube and cryptocurrency forums appear to make up the bulk of these educational resources. “Formal training and structured resources” could be on the way as 97% of millennials and Gen-X cryptocurrency traders are eager to get the knowledge they need.

Generational trends

Interestingly, financial advisors have found themselves as an option for investors across all generations with millennials being more likely than Gen X or Boomers to seek their services.

Responding to these results, Hirsch was pleased to see that the younger generation was keen to seek the help of financial advisors. To him it “makes sense” as this is down to the nature of time; he explains that “the top” of the millennials are now making their way to the age of 40, and have managed to accumulate enough wealth to begin looking at long-term investments seriously.

He adds: “Financial advisors have a lot of opportunity to tap into crypto as an asset class. There is clearly a demand – especially among millennials – to include cryptoassets as part of a long-term investment strategy.”

For those not planning to invest in cryptocurrencies, 73% of Millennials are “significantly more likely to invest in crypto if advised by a financial adviser”, with Gen X (58%) and Boomers (49%) sitting in the same camp.

 

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Startup Founders Survey Finds Blockchain Skepticism, Experimentation

Startup Founders Survey Finds Blockchain Skepticism, Experimentation

A major venture capitalist (VC) firm has released its annual survey, revealing blockchain-skeptic sentiments among startup founders, despite a majority presently dabbling with cryptocurrency or blockchain.

Results

The annual State of Startups survey comes from First Round Capital who polled 529 founders with focus questions surrounding the fundraising landscape, “exit environment” and operational challenges. Fascinatingly, blockchain-related questions were put forth to the founders, which may come as little surprise given that “Bitcoin” has been the most popular search request within the “What is…?” category this year. Additionally, the term “blockchain” recently overtook “cryptocurrency” searches.

According to the results of the survey, 87% of respondents “are blockchain skeptics when it comes to their industry”. Contrary to this, when queried on how many members of their industry had been integrating cryptocurrency or blockchain technologies into their enterprises, 50% responded saying “A minority. It’s still experimental”, 38.2% said “No one. It’s not on my industry’s radar” and a mere 0.7% said, “Everyone, it’s revolutionized my industry”. Some 13% of respondents also believe that cryptocurrency of blockchain technology will be dominant technologies in the future for their industries.

A majority of respondents had recently completed Seed or Series A funding rounds, so when asked whether they think initial coin offerings (ICOs) are a “legitimate alternative to venture capital funding”, it comes as little surprise that a majority (44.3%) said “no”, with 28.6% modestly answering “I don’t know enough to say”, and the remaining 27.1% being distributed almost evenly between three other answers which all view that they are now or will be within or after five years.

Amid the skepticism is another interesting result, when asked if they personally owned cryptocurrency, 40.4% said yes.

Pieces of a puzzle

Results from small sample-sizes that don’t home in with more industry-specific questions are not the greatest way to gauge sentiments, though when compared against other results, a bigger picture begins to form.

For example, a recent study from marketing firm TGE found that CEOs, firms and consultants were relatively confident about the industry despite the waning ICO and crypto-markets, with a majority of the survey’s respondents sitting anywhere between neutral and very confident with regards to the ICO facet of the industry.

Another survey from IBM that examined the state of blockchain within the automotive industry found that a majority of respondents are expecting blockchain to be a disruptive force within the next three years, also finding that many of these companies were beginning to experiment with the tech.

Another report from Outlier Ventures on the State of Blockchain Q3 2018 found that institutional investments from VCs, hedge funds, and incubators are slowly but surely beginning to replace ICOs, which it claims displays the growing “professionalization” of the industry, which may prove to wash away much of the skepticism that the nascent sector receives.

 

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Survey: Crypto Space Still Driven by Individuals, Needs Institutional Investment

A new survey has revealed that despite Bitcoin losing over 80 percent of its value over the course of a year, tech start-ups are still putting their money in cryptocurrency.

A study of 500 startup executives shows that 40 percent of them have invested their own money into digital assets this year, although currently, only 13 percent see the emergence of Bitcoin and blockchain as a significant force for the future.

The world is becoming increasingly digital-based which is primarily the attraction in cryptocurrency as financial startups see the potential for virtual currency to eventually replace fiat and offer users ease of use and greater efficiency in the long term. Blockchain technology, on which Bitcoin is based is increasingly demonstrating its real-use cases across a range of sectors around the world, offering the potential for far more successful business models that currently exist, particularly in the area of logistics and supply chains,

Despite these potential attributes, 57 percent of those executives surveyed in this particular study felt that many blockchain and cryptocurrency technologies were more experimental than practical and many startups were simply speculating without real belief without the potential for success.

The ‘skin in the game’ theory may account for the continued levels of investment in financial technologies in which, according to this survey, larger institutional investors have little faith in what they are actually investing in.

The same survey mirrors the findings of a recent Cambridge University study which suggests that the number of individuals investing in Bitcoin of the past year has doubled reaching approximately 35 million, suggesting that most want to be “In the game rather than out of it”

The Cambridge report revealed that the numbers of verified users rose from 18 million in January 2018 to 35 million in December. Individual accounts at the time of the release of the report had risen to a record 150 million, although indications are that only 38% of these accounts are considered active according to some exchanges’ definitions and criteria.

The reports indicate that Bitcoin and other cryptocurrencies remain of primary interest to individuals rather than institutions. This fuels the current argument being put forward from within the industry that it will be the institutional interest which will push the fortunes of both cryptocurrency and blockchain forward in 2019. As yet, the impressive numbers of new individual players have done little to get the attention of institutional players.

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IBM Identifies Blockchain Pioneers within Automotive Industry

IBM Identifies Blockchain Pioneers within Automotive Industry

Computing giant IBM has published a report that details the extent of the impact that blockchain can have in the automotive industry with favorable findings. The report identifies “Auto Pioneers” who are aggressively pursuing blockchain with significant investments into researching the technology.

Results

Titled Daring to be first: How auto pioneers are taking the plunge into blockchain, the study is the result of a survey in which 1,314 automotive executives took part, namely original equipment manufacturers (OEMs) and suppliers. The survey had a global reach with respondents coming from ten countries including the United States, China, Germany, and India.

To begin with, the study found that a majority of both OEMs (61%) and suppliers (62%) believed that within the next three years, blockchain would be a disruptive force. Additionally, the study found that 56% of OEMs and 52% of suppliers believe that investments made into blockchain by their respective companies will be “highly influenced by the opportunity to develop new business models”. According to the study, newer models such as on-demand ridesharing could benefit from blockchain solutions that are geared toward fleet management services. For OEMs, there is a strong opportunity for blockchain in this area to manage payment transactions, enhance participant authentication and so on.

The nascent nature of the blockchain industry rolls in tandem with the very early stages of implementation on a commercial scale. As a result, very few executives felt that their organization was prepared for the tech. Only 10% of suppliers felt they were prepared, compared to OEMs (32%) who appear to be more confident in this context. The IBM study offers some context for this by adding that among executives, there is a general lack of understanding of their companies’ blockchain strategies, 39% of OEMs and 51% of suppliers were only “slightly aware” of such strategies.

Obstacles

Furthermore, skill shortages were cited as a concern among the survey’s respondents; a decent proportion of both OEMs (37%) and suppliers (42%) found this to be the case. In the instance of perceived barriers, “regulatory constraints” also appeared to be an issue – OEMs (42%), suppliers (33%).

When it comes to taking action, OEMs are ahead of suppliers; the report notes that most of the “action is still in the experimentation phase”, and it also found that only 12% of OEMs and 28% of supplier executives could confirm that their companies aren’t even considering blockchain at present.

Among the numerous data-points to take away from the IBM study, there is a particular strand of survey respondents that proved to be far more proactive in their pursuit of the tech.

Eager

Dubbed as “Auto Pioneers”, these respondents are positioned in this category due to the meeting two criteria points they meet. One, they “report familiarity” with their organization’s blockchain strategy, and secondly, these participants have reported that their companies are in one of three stages: experimenting, piloting or implementing. For clarity, it should be noted that Auto Pioneers make up only 15% of the total surveyed.

These Auto Pioneers are moving rapidly into the space, with 95% of them to be “investing aggressively” into blockchain, compared to 56% of other OEMs and 26% of other suppliers. Additionally, Auto Pioneers are set to lead the way across the board when it comes down to new business models that will influence blockchain investments.

Other takeaways include:

  • 54% of executives expect new business models to influence investments in blockchain.
  • At least 50% of the OEM executives in each country believe that blockchain solutions will have a high impact on fleet management services.
  • 55% of OEMs and 47% of suppliers say implementing blockchain will improve imperfect information in their business networks.

According to a press release, Ben Stanley, Automotive Research for IBM’s Institute of Business Value said: “We are in the very early stages for blockchain in auto, but there lies huge potential… In 2019 we expect to see blockchain start to really take off, particularly with secure data sharing, car and rideshare transactions and in-vehicle marketplaces.”

 

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Survey: Blockchain CEOs, Firms and Consultants Wary yet Confident

Initial coin offerings (ICOs) and the blockchain industry as a whole are the subjects of a new survey published by marketing firm TGE that shows respondents to appear extremely cautious yet confident.

The survey, which had 319 respondents from nations including the USA, UK, Hong Kong and South Korea, was set out by TGE so that it could quantify the space and “…to provide recommendations to investors, participants and companies seeking funding and investment over the near to medium term”.

ICO perceptions

This survey did not appear to be a run-of-the-mill public perceptions study. Instead, it had its boxes checked by CEOs, firms, and consultants, allowing for the results to be taken perhaps a little more seriously than others.

With regards to sentiments surrounding the muddied ICO markets, the survey concluded that results are “leaning positive” despite bear market conditions. However, upon closer examination, the study indicated a mixed mood among those surveyed. Looking optimistically, 19% were very confident about this facet of the industry with 23% somewhat confident and 36% as neutral. Going against this, 23% were non-confident and 14% were “not confident at all”.

ICOs have a checkered history of fraudulent activities and scams that have resulted in varied responses from the governments around the world. While some like China and South Korea currently have bans on the digital crowdfunding method, others such as Malta have implemented accommodating regulations.

In the middle of these polarizing divides, there are entities such as the European Union and other nations who are actively pursuing the appropriate regulatory standards.

ICOs are a significant branch of the blockchain industry that has allowed for numerous startups and enterprises to raise their desired capital. For nations pursuing blockchain technologies, ICOs are argued to be an essential business practice in this new global race and banning them could be extremely damaging for a domestic blockchain industry, hence the ongoing debates that regularly occur.

This broad issue is reflected in the survey where, under the question of “What do you feel are the greatest challenges to ICOs?”, with the top three answers: “ICO fraudsters”, “Lack of regulation” and “Lack of governance”. Interestingly, both “regulation” and “bad press” followed the top-three spots.

Blockchain industry views

The versatile blockchain has been touted as the disruptive technology of this generation and so the survey queried participants as to which sectors they viewed as the greatest opportunities for blockchain. The top five in rank order were: basic financial services (lending, interest) [26%], health and life sciences (medical) [25%], IT security [23%], advanced financial services (derivatives, structured products) [20%], and education [19%].

In the enduring bear market, there have been numerous claims that the cryptocurrency markets have hit their bottom and shouldn’t go any lower. One of the questions asks participants whether or not they agree with a statement made by pro-crypto former hedge fund manager, Michael Novogratz, who said: “I think we put in a low yesterday”, adding in a separate interview that cryptocurrency markets have hit a “seller fatigue”. Over 50% either strongly agreed or agreed.

 

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Institutional Investors Have High Hopes for Bitcoin During Economic Crisis

Market research company Fundstrat has produced details of a survey that indicates institutional cryptocurrency investors have a bullish attitude towards Bitcoin’s performance in circumstances of an economic crisis such as a recession.

Key findings of the survey:

  • 72% of institutional investors believe the price of cryptocurrencies will rise if there is a recession;
  • 44% of these investors believe such an economic crisis is coming in the next 18 months;
  • 60% think that the US has the correct regulatory stance for the industry, and believe the rest of the world will follow suit;
  • 59% believe Bitcoin will be the best performing crypto in 2019.

A consensus from investors and the Twittersphere

Fundstrat shared that alongside 72% of institutional investors that believe a recession will spur a cryptocurrency price surge, 59% of respondents to a Twitter poll voted in the same way.

While there was no clear consensus from investors on whether a recession will affect the US in the next 18 months, in parts of the world already suffering, cryptocurrency markets have already begun to grow.

Bitcoin News recently reported on the economic crisis in Venezuela where Bitcoin is being used in mass for charitable donations. The adoption of other digital currencies has also become an increasingly popular way to avoid losing money due to hyperinflation. Dash has become so popular, fast food chain Subway now accepts it as a payment method.

In Iran, a travel startup calling itself IranbyBit is exclusively accepting Bitcoin as payment for a range of travel options that they offer as a way of avoiding economic sanctions on the country that are preventing economic growth.

The future for crypto

Given four choices to vote from in regard to the future of regulation, institutional investors voted overwhelmingly at 60% that the US’s strict stance was the correct one, and that the rest of the world will follow its lead. Just 12% said that they believe the global regulatory structure will remain fragmented.

Perhaps, unsurprisingly, 59% said they think Bitcoin will be the best performing cryptocurrency next year, with Neo, Tron and Stellar, all receiving just 5% of the vote apiece.

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Number of Australian Crypto ‘Hodlers’ Tripled Since January

Results from a recent study show that the number of Australian citizens with some form of crypto asset holdings has tripled since the beginning of 2018.

The survey was conducted by cryptocurrency trading brokerage HiveEx, which found the number of Australians ‘hodling’ crypto assets to have increased from 5% in January to 13.5% when it was reviewed in August. The survey further revealed that 50% of these individuals had these crypto holdings for investment purposes, whereas 34% said it was due to FOMO, and 26% replied that they were saving for retirement. Over a third of the respondents said that they planned to use cryptocurrency to pay their tax bill, and 80% claimed that they would be happy to use it in their day to day spendings if it were easy to do as in the case of local fiat.

The responses from Australian citizens who did not own any cryptocurrency were not as positive. While 65% of them said this was because they did not understand it or how to use it, one in five said they thought it was either a scam or a bubble.

Growing crypto infrastructure in Australia

One of the country’s youngest self-made millionaires and entrepreneur Fred Schebesta does not think the year’s relatively poor market performance has deterred investors. As a co-founder of HiveEx, he said that interest in cryptocurrency is actually far higher now than during the bull run in the latter part of 2017.

“At its core, you’ve got to remember, just because the price of bitcoin has gone down and people feel angry, that doesn’t reduce the interest,” Schebesta said speaking to a local news outlet. He continued on to compare Bitcoin to gold, speculating that it will continue to be a valued resource, standing the test of time.

Similar to the internet in 1996, Schebesta believes interest levels are ”100% growing.” To help provide for the growing sector, he plans to build what he calls a ”crypto bank of Australia” and offer custodianship, cold storage, escrow and exchange services.

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Survey Reveals a Majority of Investors Are to Increase Their Crypto Holdings

A survey published by investment platform SharesPost has revealed that a majority of both consumers and accredited investors are planning to invest further in cryptocurrencies in the next twelve months.

The cryptocurrency hype appears to have been waning since the enduring bear market came into effect after the red-hot 2017 market highs. The primary discussions rapidly moved from digital assets to blockchain technology, however, this latest survey from SharesPost suggests that there is still faith in cryptocurrencies.

Positive Sentiments

The mid-year survey received 2,490 responses from consumers and 521 from “individual accredited and institutional investors”. In a display of increased interest, the report notes that the first survey conducted in early 2018 had 2,352 consumer participants and 106 from investors.

The study showed that a majority of investors (59%) and consumers (72%) planned to increase their digital asset holdings over the next year. 57 percent of investors and 66 percent of consumers are expecting crypto-values to grow over the next year.

Unsurprisingly, Bitcoin came out on top as the most owned cryptocurrency with Ethereum, Ripple, and Litecoin following behind, though they were favorable due to their long-term potential.

In contrast, a recent survey reports that gauged high awareness and low adoption rates of Bitcoin in the United States; the SharesPost survey found that Bitcoin is increasing in popularity, up to 78% from 48%.

In Business

On the business side of things, blockchain technology is finding footing in companies, as the report writes: “Growing number of companies are implementing Blockchain technology. 32 percent of investors and 49 percent of consumers say employers are planning to roll out Blockchain in the near future.”

In late August, Deloitte published the “2018 Global Blockchain Survey”, where it polled 1,053 companies from seven countries: Germany, China, Mexico, Canada, the United States, and the United Kingdom.

These results found that 84% of these businesses believe that mainstream adoption of blockchain is a “matter of time”. For businesses, the most popular current use case of the technology are supply chain solutions (53%).

Mass-Adoption

The SharesPost report contrasts the Deloitte survey. Investors have lowered their expectations for crypto-mass adoption in 2020 down to 27% from the earlier 51%. Consumers report a drop but it’s a smaller decline which now sits at 37% from 42%. The decline in confidence could be attributed to the 50% of participants who are primarily concerned with market volatility, and 37% said security was their big issue.

Surveys in all shapes and sizes have been making the news with their numbers this year as governments, industries, and independent entities attempt to gauge the crypto or blockchain mood. Collectively, they offer a comprehensive insight into the sentiments coming from certain demographics, as standalone reports. However, they contrast massively due to their sample size and geographical location.

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New Survey Shows Mixed Sentiments in Bitcoin, Crypto Mood in the US

A recent survey from YouGov reveals widespread knowledge of cryptocurrencies in the United States, the report also shows mixed sentiments toward the technology.

Contrasting results

YouGov, an international market research and data analytics firm, gathered data from 1,202 participants at the end of August; the poll results showed an interesting disparity in knowledge of cryptocurrency and the actual adoption of it.

The poll found that 79% of Americans were familiar with at least one cryptocurrency with Bitcoin being the most prevalent among 71% of people who said they knew of it. Ethereum came in second at 13% with Litecoin and others trailing behind.

With a vast majority of respondents knowing about cryptocurrencies, a greater disparity is revealed. Of those who said they knew of Bitcoin, 87% said they had not interacted with it; this includes buying, selling and mining.

Some 49% of the Bitcoin-aware group said, “I’m glad I didn’t buy Bitcoin earlier, and I don’t plan to buy it”, while another 15% wish they had bought earlier and now feel it’s too late. In contrast, a South African poll showed that 38% of its respondents wished they had invested sooner.

Despite this, 36% of people in the YouGov poll thought that it cryptocurrencies will eventually be more widely accepted as a means to purchase goods and services legally within ten years,  while 34% disagree and don’t think this will be the case. In this group, millennials made up the majority of those who believed in crypto acceptance with 44% polling favorably.

About 25% of poll respondents think cryptocurrencies are used mostly for illegal purchases, which is a traditional but waning view. However, this skepticism does hold ground in America due to the connections found between Bitcoin and the 2016 election hacking scandal.

With regards to cryptocurrency acceptance, a positive sentiment towards cryptocurrencies is growing in the states, just over a third of those who believe in wider crypto acceptance say they have interest in primarily using crypto over the US dollar.

The article reporting the survey results writes, “However, a majority (57%) say they would not be interested in converting away from the US dollar. Millennials are almost equally split between being interested (48%) and not interested (50%).”

The bigger picture

In July, a Wells Fargo Gallup Investor and Retirement Optimism Index poll gathered data from 1,921 investors over 18 years of age with at least USD 10,000 in traditional investments. It revealed that 2% of respondents owned Bitcoin, and younger investors were keener to adopt Bitcoin should cryptocurrencies become more mainstream, a growing sentiment among millennials.

Other polls found that 50% of participants from a 2,000 person survey “would like to try out Bitcoin“, with millennials of low income being the most likely to invest. In South Korea, surveys show that cryptocurrencies are rising in popularity, and in the United Kingdom, it was reported that 3 million people have invested in Bitcoin.

 

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Deloitte: 84% of Businesses Say Blockchain Mainstream a ”Matter of Time”

Multinational professional services network Deloitte has published results of its 2018 Global Blockchain Survey, with significant findings including that 84% of businesses believe blockchain mainstream adoption is just a matter of time, with the biggest issue to this identified as regulatory concerns.

A total of 1,053 companies took part in the survey across seven countries: Canada, the US, Mexico, France, the UK, Germany and China. Respondents came from ten different industries, with the majority part of financial services, technology/media/telecommunications, and consumer products and manufacturing. Nearly all of the respondents held C-level or equivalent positions, with the largest functional area represented being from information technology.

Key Deloitte findings

  • 84% of businesses responded that they believe it was only a matter of time before blockchain ”achieves mainstream adoption”.
  • The most significant advantage of blockchain over existing systems in the respondents’ industries was voted as the potential for greater speed compared to that currently in use, at 32%; just 2% said they did not see any advantage of blockchain over their established systems.
  • 84% agreed that blockchain-based solutions brought higher levels of security than conventional information technologies.
  • When questioned on the greatest barriers for implementing blockchain technology, 39% cited regulatory issues, 28 % a lack of in-house skills or understanding, and 6% said there were no barriers.
  • The most dominant stakeholders enquiring about blockchain strategies were suppliers with 54% of the businesses experienced this, followed by market analysts at 48%; only 7% had received no such queries.
  • Supply chain blockchain solutions were the most popular response for current use cases the companies were working on at 53%, Internet of Things came second with 51%, and digital identity at 50%; of the businesses surveyed, 4% were not working on any.

The US is falling behind

When it comes to blockchain, the Deloitte survey indicates that the US is not number one. In fact, of the US companies that participated, blockchain had been deployed in production at a much lower rate than those from other countries; 14% of US respondents have begun internal blockchain productions compared to 50% in China and Mexico. It also fell behind other countries when it came to hiring new employees with blockchain experience with just 24% of countries doing so. China was the highest performing in this category with a staggering 86% investing in industry-skilled workers.

Canada is getting it right

In contrast to its neighboring country, Deloitte found a ”vibrant and growing community of blockchain enthusiasts and entrepreneurs” in Canada, putting it at the forefront of both blockchain and cryptocurrency innovations. There is apparently no signs of innovation slowing down in the country, not since Ethereum, in fact, the analysis states.

Part of this success can be attributed to a consistently evolving role of regulations that tend to keep up with changes that blockchain brings, something the US has been struggling with. Despite regulatory concerns being the top issue for the majority in regards to adoption, two-thirds of Canadian respondents do not believe this will be a barrier in their country.

Financial services face pivotal issues, lead progression

The financial services sector may have been the first to explore and globally recognize the potentials of blockchain but its investment is being outperformed by the automotive, life sciences, oil and gas, and tech, media, and telecom sectors. Several significant issues were cited by the participating financial service companies including scalability and security.

As organizations look to explore the extensive number of blockchain solutions within reach, scalability must be addressed. As referenced above, 84% of surveyed companies said they believed blockchain powered systems were more secure, although security is still a major topic discussed by financial services as the ”new threat matrix” is still emerging.

Interestingly, over half of respondents from the oil, gas and automotive industries said that they viewed blockchain uses primarily as ”a database for money or an application for the financial services industry”,’ in conflict with the significantly high number of executives from those industries that claimed to have ”excellent- to expert-level” blockchain understanding. Those from the life sciences and financial services sector voted in far greater numbers that the use cases for blockchain expand far past just financial service provision.

Executives from the financial sector have indeed been leading the way in reexamining areas where the technology can be used to improve the processes and functions of operations that have been static long-term, unsurprisingly ahead of their colleagues in other sectors in terms of development.

”Closer to its breakout moment every day”

The Deloitte survey concludes that academic hypothesis from five years ago is gradually coming into fruition; developers are moving past stages of learning and exploring its potential, to identifying and creating business directed applications. ”[Blockchain] is getting closer to its breakout moment every day”, analysis from the survey reads, pointing to the participating executives’ responses that they plan to make major moves in the field over the following several years.

It continues to suggest a practical future for the technology: ”Instead of concentrating on how to use blockchain to support a specific product or idea, the time has come to focus on evolving blockchain itself… we’re seeing the most dramatic progress being made by those organizations that have willfully jumped into the deep end of the pool.”

 

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