Blockchain Is Adopted By 39% Of Companies Worldwide: Deloitte

A new survey by Deloitte shows that blockchain is adopted by more than a third of all companies in the world, becoming a priority in the business sector and gaining a more broad understanding.

The auditing giant Deloitte and their latest survey shows that 39% of respondents from major technology companies worldwide currently have blockchain in production. The cryptocurrency news and report also shows that around 9 in 10 businesses think that blockchain will become more important in the next three years.

The results of the Deloitte 2020 Global Blockchain Survey conducted from February 6 to March 3, 2020, show that 39% of the 1,488 senior executives and practitioners in 14 countries said that they already incorporated blockchain into production at their companies. What is easily noticeable is that this is a 16% increase on last year’s figures.

The number rises to 41% when considering companies with over $100 million in revenue. The auditing giant carried ut the survey in the blockchain news, examining respondents from the following countries: Germany, Canada, Brazil, China, Hong Kong, Ireland, Israel, Mexico, Singapore, South Africa, Switzerland, the United Arab Emirates, the United Kingdom and the United States.

From the survey, we can see that all of these companies said to have “at least a broad understanding of blockchain, digital assets, and distributed ledger technology.” In the survey, we can see that plenty of companies are somehow prioritizing on the technology. The report quoted the following:

“Nearly 89% said they believe that digital assets will be very or somewhat important to their industries in the next three years. An outright majority (53%) report that digital assets will be very important.”

According to Deloitte, all of these high numbers may be related to hiring practices. As they said, around 82% of the respondents said that they will be hiring specialized staff with some blockchain expertise within the next 12 months. Also, 83% of them said that they wuld lose a competitive advantage if they did not start the adoption of blockchain technology.

However, there are still some responses which are not positive. The survey showed that more than a half (54%) of the respondents believe that “blockchain is overhyped,” which is an increase compared to the 43% who thought the same in 2019 and 39% in 2018.