November 19, 2019

November 19, 2019

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November 18, 2019

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Wow! 84% of Companies Are Using Blockchain!

Blockchain.com reported about the “the release of PwC’s Global Blockchain Survey 2018, which highlighted that 84% of companies are now incorporating blockchain technology at some level…”  The August 28, 2018 report entitled “PwC survey: 84% of companies now using blockchain, so what does the future hold?” included these comments Shiv Malik (Head of Strategy and Communications at blockchain-backed data platform Streamr):

People are both over and underestimating the change blockchain will have on their particular vertical.

There has been plenty of hype and investment in the last few years about the potential of blockchain but the tangible results of those investments are yet to procure world changing applications – certainly not outside of Fintech.

It is unsurprising to see that financial services are seen to be leading the blockchain revolution at 46%, vastly outweighing other industries like retail and consumer at a mere 4%.

Of course, that doesn’t mean it won’t come – it has to.

People’s expectations, not of what can be achieved but how fast it should be achieved, need to be tempered so that the imminent transition is as seamless as possible and we can all appreciate the benefits

Pretty exciting news about Blockchain, what do you think?

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About this Author

Peter Vogel, trial attorney, Foley Lardner
Partner

Peter Vogel is renowned as both a trial and transactional lawyer who deeply understands technology, science and intellectual property, and the opportunities and problems they pose for clients. Governments and administrative agencies, as well as major corporations and emerging businesses, rely on Peter to get right to the heart of an information technology or e-discovery dispute; he knows what to expect and how it will play out in the courtroom. This eliminates unproductive rabbit trails and reduces the cost of litigation for all parties. When negotiating agreements for...

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