Blockchain’s Popularity Among Large Enterprises Soared 11% This Year, Survey Finds

New analysis from fintech analysts Juniper House has discovered that blockchain’s traction with giant enterprises has risen by 11 % this 12 months, based on a press launch published September 11.

Juniper’s Blockchain Enterprise Survey: Deployments, Benefits & Attitudes (Second Edition) discovered that 65 % of responding giant enterprises – outlined as those that make use of a minimal of 10,000 workers – are “considering or actively engaged” in blockchain deployment, up 11 % from the corresponding 54 % determine final 12 months.

Further information evaluation exhibits that just about 1 / 4 of corporations have moved past blockchain proofs-of-concept onto trials and industrial rollouts. The potential scope of the expertise’s utility has additionally expanded, with solely 15 % of corporations’ proposed blockchain purposes referring to funds – as in contrast with 34 % final 12 months.

The press launch notes there was “significant” curiosity in fields throughout logistics, authentication and sensible contracts.

Even as Ethereum (ETH) has taken a battering on the spot markets not too long ago, Juniper’s findings additionally reveal that just about half of responding corporations are planning to harness the platform’s token standardization potential to launch their proprietary dApps (Distributed Applications) on the Ethereum blockchain.

Among corporations that had already invested over $100,000 in blockchain indicated they deliberate to spend “at least” the identical sum within the coming 12 months. Juniper famous that this demonstrates “largely positive” preliminary suggestions on funding within the expertise, enough for corporations to bolster their present commitments to pursuing its growth.

Juniper analysis co-author James Moar is nonetheless quoted as pointing in direction of potential challenges posed by integrating blockchain into legacy methods:

“The findings illustrate the need for companies to engage in a prolonged period of parallel running new systems alongside the old, to iron out any issues that might arise.”

Interestingly, among the many incumbent tech giants, IBM was discovered to be the preferred firm for blockchain options – 65 % of respondents named it as their “go-to” alternative – outstripping rival agency Microsoft by nearly 10 occasions, which scored 7 % and was ranked second.

A serious current survey by “Big Four” auditor Deloitte found that amongst companies confronted with implementing legacy-constrained blockchain options, 74 % of all of the respondents to the survey stated their government staff believes there’s a “compelling business case” for his or her deployment.

Original article first appeared in

Leave a Reply