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Deloitte Finds Blockchain Is Being Taken Seriously By Companies

Deloitte Finds Blockchain Is Being Taken Seriously By Companies

74 percent of large companies across seven countries see a “compelling business case” for blockchain technology, according to a Deloitte survey presented at CoinDesk’s Consensus event in New York.

Block chain - Deloitte Finds Blockchain

Deloitte – the multinational firm that provides tax, auditing and consulting services -conducted the survey in late March and early April. The approximately 1,000 respondents represented companies with annual sales of at least $500 million in the U.S., China, Mexico, the U.K., France, Germany and Canada.

 Deloitte Finds Blockchain =Bitcoins – The First Form Of Cryptocurrency_3

The head of Deloitte’s U.S. financial services blockchain group, Linda Pawczuk, said the survey showed that “momentum is shifting from a focus on ‘blockchain tourism’ and exploring the technology’s potential to building practical business applications.”

However, the enthusiasm for blockchain was not universally shared. Globally, 39 percent said blockchain is “overhyped,” with 44 percent of those saying so in the U.S. – up 10 percentage points from 2016.

Source: Bloomberg

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