Blockchain can be thought of as an overarching concept that includes many different technologies and applications. Blockchain is a digitized decentralized ledger to allow record keeping of all peer-peer transactions without the need for a centralized authority. The blockchain concept can be compared to the Internet which similarly has a variety of underlying technologies and applications. Continuing this parallel, some experts believe blockchain may have as great a transformation on business as the Internet. Blockchain has the potential to replace central banking platforms and other use cases including business process improvement, trades, and health information. Cryptocurrency also is enabled through blockchain technology such as Bitcoin and Ethereum. Blockchain technology uses peer-to-peer networking without the need for a centralized server, and instead, the blockchain exists across an entire network of computers. Using the distributed database system through blockchain, a digital ledger of all transactions across a given network is verifiable by anyone computer on said network removing the requirement for a central authority.

The Key Findings of the Global Blockchain Survey “Blockchain Gets Down to Business, 2019 Report”:

• 68% of surveyed organizations agree that the blockchain technology is broadly scalable and will eventually achieve mainstream adoption.
• implementation & regulatory issues are ranked as the top barriers of blockchain technology investment with a rate of 30%.
• Cost saving is the top benefit for organization expected from consortia participation with a rate of 57%.
• 87% of surveyed organizations reported that they believe that blockchain technology can enhance their further integration towards a more “touchless” business processes.
• New business models, value chains and greater security are ranked as the most significant advantages of blockchain technology over existed organizational systems with a rate of 23%.
• 50% of surveyed organizations reported that they are focusing their activities in the private blockchain model.

A Graph Shows The Attitudes on Blockchain Technology and Its Adoption, 2019.

The Content of “Global Blockchain Survey: Blockchain Gets Down to Business, 2019” Report:

• Introduction.
• 2019 Survey highlights.
• Blockchain hype, promises, and challenges.
• Key issues.
• Blockchain regular analysis.
• Conclusion: An evolving landscape.
• Appendix.
• Endnotes.

Number of Pages:

• 52 Pages.

Pricing:

• Free.

Methodology:

Data is based on a survey conducted by Deloitte between February 8 and March 4, 2019, primarily as a research vehicle to gain greater insights into overall attitudes and investments in blockchain as a technology. The survey polled a sample of 1,386 senior executives in a dozen of countries at companies with US$ 500 million on annual revenue for US respondents and at companies with US$ 100 million or more in annual revenue for respondents outside the United States. Also administered the survey to executives at a group of 31 blockchain emerging disruptors to gauge their attitudes and investments in blockchain as a technology.