Hampshire, UK July 31, 2017 (Investorideas.com newswire) A new study from Juniper Research has found that nearly 6 in 10 (57%) large corporations* are either actively considering, or are in the process of, deploying blockchain technology.
Almost 400 company founders, executives, managers and IT responded to the Blockchain Enterprise Survey; amongst companies who have reached the PoC (Proof of Concept) stage, two-thirds (66%) expected blockchain to be integrated into their systems by the end of 2018.
'Best Fit' for Blockchain
Using data from the survey, the company's attendant deep dive strategy report identified settlement, land registry and digital fiat currency as 'best fit' opportunities for blockchain deployment, but cautioned that for each of these opportunities the scale and variety of barriers were significant.
The research claimed that those companies which would benefit most from blockchain include those with:
Internal Disruption & Interoperability Key Concerns
However, Juniper argued that while awareness of blockchain and its benefits had increased dramatically in the past 12-18 months, there was the danger that companies might seek to deploy blockchain without having first considered alternative options. According to research author Dr Windsor Holden: "In many cases, systemic change, rather than technological, might be a better and cheaper solution than blockchain, which could potentially cause significant internal and external disruption."
Indeed, the research found that companies may have underestimated the scale of the blockchain challenge. For issues such as interoperability, the proportion of survey respondents expressing concerns progressively increased as companies proceed towards full deployment, while concerns also rose sharply regarding client refusal to embrace blockchain.
The complimentary whitepaper, Which Industries are the Best Fit for Blockchain?, is available to download from the Juniper website together with further details of the full research and the attendant IFxl (Interactive Forecast Excel).
Juniper Research is acknowledged as the leading analyst house in the digital commerce and fintech sector, delivering pioneering research into payments, banking and financial services for more than a decade.
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release on the Investorideas.com newswire http://www.investorideas.com/News-Upload/
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.