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Blockchain technology considered by 57% of big corporations: Study

By dailymail / Published on Monday, 31 Jul 2017 12:20 PM / No Comments

The report added: “As the number of research projects has increased, so too has awareness, both amongst the participants and elsewhere in their industries, with competitor companies in turn beginning to consider whether they too should seek to gain competitive advantage from deployment.”

“For financial technology (fintech) start-ups in the blockchain space, this can only be good news, since it demonstrates the high level of demand within an enterprise space that is increasingly well-informed about blockchain,” Windsor Holden, blockchain specialist at Juniper, told CNBC via email.

The blockchain specialist added that the digital element of distributed ledger technology, which is processed by a network of computers, could benefit industries other than the financial services as well.

Holden said: “Essentially, blockchain offers particular benefits to improve efficiency and corporate transparency; if an enterprise is heavily dependent upon paper-based storage and has high volumes of transactions or transmitted information, it can be especially effective.”