The Coin Shark: Is The World Not Ready for the Power of Blockchain Yet?
The blockchain technology undoubtedly has a huge potential for companies specializing in various fields and areas. On a daily basis, we witness enterprises all over the world incorporate blockchain for security, cross-border payments, storing data and many other purposes.
Blockchain is used in the healthcare sector, studied in universities and even used to combat crimes against humanity, like child labor and drug trafficking. However, if we take a closer look at the statistics, we will be surprised to find out that most businesses are not yet at the stage of development to start using blockchain.
According to the research made by the software company Globant, among the participants of the survey, less than a half (46%) are actually ready to apply the blockchain technology right away.
“Our report reveals organizations are eager to invest in blockchain solutions to improve their internal operations. Enthusiasm toward blockchain has yet to translate into readiness, however,” is mentioned in the report.
As for the statistical results of the survey, here it is worth pointing out the following bullet points:
64% of the respondents are willing to incorporate blockchain and invest into blockchain solutions, but have not undertaken anything specific yet;
61% are already actively researching the technology and the ways of applying it for their businesses;
Only 28% have selected their first or subsequent blockchain vendor.
Out of the respondents whose businesses have already started researching blockchain:
42% are in the discovery phase;
30% are still unsure of which blockchain provider to choose;
19% have chosen their first vendor;
9% have already moved on to another provider.
Thus, we can clearly see that although the interest in blockchain is obviously present and growing with every single day, however, it is still quite far from being fully incorporated by the businesses worldwide.
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