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Deloitte’s 2019 Global Blockchain Survey

Blockchain gets down to business.

The blockchain story is beginning a new chapter, one in which the questions executives are asking are tougher, more granular, more grounded, and more pragmatic. The question for executives is no longer, "Will blockchain work?" but, "How can we make blockchain work for us?"

Though blockchain hasn’t reached its full potential, savvy executives surveyed for Deloitte’s 2019 global blockchain survey are confident about new and evolving use cases; they continue to see the technology as a connecting platform that can enable many business processes. Since our last survey,
respondents report that overall corporate blockchain investment is growing
across most sectors as new, practical applications gain traction.

 

Last year’s survey showed blockchain adoption reaching a turning point: Momentum had begun shifting from “blockchain tourism” and exploration
toward the building of practical business applications. Financial services and,
more specifically, the financial technology (fintech) sector were leading in
blockchain development, while other industries were cautious in their search
for use cases to provide a return on investment to justify the cost and effort
of implementing blockchain solutions.

 

Today, fintech remains a blockchain leader, but more organisations
in more sectors - such as technology, media, telecommunications, life sciences
and health care, and government - are expanding and diversifying their
blockchain initiatives. Still, despite these advances, progress remains
measured in the wake of blockchain’s first cyclical rise and fall, and the
resulting attitude shifts following the initial blockchain buzz.

 

The 2019 survey data points to signs of blockchain’s increased maturity. For example, respondents saw blockchain providing more diverse advantages than in 2018. Similarly, the increasing diversification of potential use cases for blockchain - and the wider array and greater parity of identified barriers to blockchain adoption - suggest further signs of maturation.

To find out more, read the full report analysis.

Contact us should you want to further unpack the results

Blockchain Survey SA 2019
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