Nocashevents PwC study shows four out of five executives (84%) surveyed report blockchain initiatives underway

PwC study shows four out of five executives (84%) surveyed report blockchain initiatives underway

The new research from PwC – Blockchain is here. What’s your next move? – surveyed 600 executives in 15 countries and territories (Australia, China, Denmark, France, Germany, HK, India, Italy, Japan, Netherlands, Singapore, Sweden, UAE, UK, US.), on their development of blockchain and views on its potential.

As blockchain rewires business and commerce, the research provides one of the clearest signals yet of organisations’ fear of being left behind as blockchain developments accelerate globally opening up opportunities including reduced cost, greater speed and more transparency and traceability.

A quarter of executives report a blockchain implementation pilot in progress (10%) or fully live (15%). Almost a third (32%) have projects in development and a fifth (20%) are in research mode.

The survey reflects the early dominance of financial services developments in blockchain with 46% identifying it as the leading sector currently and 41% in near term (3-5 years)…

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