Deloitte Announced: The Number of Companies Using Blockchain Has Doubled

According to a recent study by multinational professional services network Deloitte, more companies are starting to use blockchain. Interestingly, the Asia-Pacific region appears to be leading the way by using distributed ledger technology (DLT) in a variety of areas.

Blockchain is on its way to maturity

Deloitte conducted a survey of approximately 1,500 senior executives and practitioners from major companies in 14 countries, including Canada, the UK, the US, Singapore, Israel, China and Germany. The study found that large organizations are now moving past “seeing the technology as great potential” and are closer to actually using it.

As seen in the chart above, many executives stated that as DLT becomes more mainstreamed, a challenging business situation has emerged and that companies will lose their competitive advantage by exploiting this situation. Interestingly, the proportion of those who think Blockchain is an overrated technology has also increased compared to previous results.

“Our survey shows that companies will continue to invest in blockchain initiatives,” Deloitte said in its report. For example, 82% of respondents said they have hired, or plan to hire, staff with Blockchain expertise within the next 21 months. Last year, this rate was 73%. The Asia-Pacific region, where China, Singapore and Hong Kong are located, is the leader in this regard.” expressions are used. Due to this development, Deloitte concluded that “while blockchain was once classified as a technological experiment, this technology now represents a real change that affects all organizations.”

Blockchain in Real Life

Important and large organizations use DLT to facilitate and simplify some processes. Major American index fund management company Vanguard Group has completed the first phase of a blockchain trial designed to digitize the issuance of asset-backed securities. Another example is; It came from the US newspaper The New York Times. The R&D team tested a DLT-based project to reduce the increasing number of misleading images on the internet. Deloitte's report reaffirms this trend. The percentage of respondents stating that their companies have incorporated Blockchain increased from 23% to 39%. The study also shows that higher-income companies are using blockchain more.