Juniper House, a Fintech researcher, conducted a survey into the interest that large businesses have in blockchain. The results are astounding.
A new research by Juniper House has been released which reveals that blockchain is looking at a 65% popularity rate in enterprises this year.
This is according to results from a study conducted by Juniper. The UK-based research company explored the number of businesses that are considering or engaging in blockchain activity. The results show that 65% of the responding large enterprises (businesses with over 10,000 employees) are using or exploring blockchain technology. This is 11% more than last year’s 54% interest.
The press release of the results states:
“[According] to the Blockchain Enterprise Survey: Deployments, Benefits & Attitudes (Second Edition), nearly a quarter of companies considering deploying blockchain had moved beyond proof of concept into trials and commercial roll-outs, with dramatic diversification in use cases over the past year.”
It was explained that only “15% of proposed deployments were now related to payments”.
This compares to a statistic of 34% from last year. Apparently, there is “with significant interest in opportunities across diverse fields including logistics, authentication and smart contracts.“
Ethereum as a platform
The findings from the survey found that Ethereum was contending as the most popular blockchain. The report shows that nearly 50% of the companies surveyed were considering using Ethereum’s platform to use for their blockchain. Juniper highlighted the fact that the network’s “token standardisation has enabled the creation of an ecosystem of dApps (Distributed Applications) to be built on its chain.”
Currently, Ethereum is trading for $207.768 USD which is a 1.82% increase in day-on-day trading.
In the future
It was also discovered that the companies in the survey who had already put more than $100,000 USD into blockchain would be willing to spend more on the technology. According to Juniper, the companies indicated that “they would be spending at least this amount again on the technology over the next 12 months.
However, it was also noted that nearly 75% of the respondent companies are expecting disruptions in systems. Research co-author James Moar pointed out:
“The findings illustrate the need for companies to engage in a prolonged period of parallel running new systems alongside the old, to iron out any issues that might arise.”
Do you have a Business that has invested in the Blockchain, or do you work for a Blockchain adopted Business? Let us know your thoughts on how it will assist the Business world in the present and future.
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