Deloitte’s 2020 Global Blockchain Survey has been saved
Deloitte’s 2020 Global Blockchain Survey
From promise to reality
More than a decade has passed since the introduction of what we know today as blockchain technology. Nowadays organizations appear to be more committed than ever to blockchain and are demonstrating this by implementing it as a part of their normal course of business.
The evolution of blockchain
The promise of what technology could offer businesses and industries has evolved from a cryptocurrency payment platform to something bigger, game-changing, and truly disruptive. In recent years we have seen sentiment about blockchain's potential similarly evolving, along with companies directing actual investment dollars toward applications.
In Deloitte's 2019 Global Blockchain Survey, we observed this continuing trend in thinking and investment, even if some vestiges of doubt and old-school thinking remained about the technology's promise. This year's survey suggests that those doubts are fading further, and that blockchain is solidly entrenched in the strategic thinking of organizations across industries, sectors and applications.
The key take-away of our 2020 Global survey is that leaders no longer consider the technology groundbreaking and merely promising- they now see it as integral to organizational innovation.
About the survey
The survey polled a sample of 1,488 senior executives and practitioners in 14 countries (Brazil, Canada, China, Germany, Hong Kong, Ireland, Israel, Mexico, Singapore, South Africa, Switzerland, the United Arab Emirates, the United Kingdom and the United States). Respondents had at least a broad understanding of blockchain, digital assets and distributed ledger technology (DLT) and were familiar with and able to comment on their organizations' blockchain and digital asset investment plans and perceptions, among other metrics.
In order to expand the diversity of our respondent pool in this year's survey, we identified a group of 100 respondents who are specifically and directly engaged in blockchain technology development projects and also have received a minimum of US$3 milliion in venture funding in the past year. These 100 respondents took the same survey as the other respondents and are counted among the 1,488 overall respondents in the analysis.
Download the free report here.
Doing responsible business with blockchain
Blockchain can help organizations create new markets for things that previously weren’t marketable. For example, all industries are facing a growing demand for more transparent, responsible and sustainable ways of doing business. Blockchain can be an enabler in speeding up this process. Incentivizing different parties in a supply chain—from production to customer—can lead to more responsible behaviour. VeChain, who created "a carbon reduction platform", which utilizes economic incentives to encourage both individuals and enterprises to participate in the reduction of carbon emissions.
Our prediction for 2020 is that more organizations will invest in blockchain projects regarding responsible business practices. The technology can help organizations rally with other stakeholders in order to become more transparent about how their supply chain operates. VeChain’s distributed ledger for carbon credits – as mentioned before – is already a good exampleway to step up in this area. Another is using blockchain technology for creating transparency within the global food chain. Blockchain applications combined with the Internet of things can make the global food chain safer and more transparent, as we see with FairChain. Read more.
Do you want to have more information on Blockchain technology or would like to discuss opportunities in becoming a more responsible business? Please feel free to contact Tommie van der Bosch via the contact details below.
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