Blockchain being deployed by 65% of large enterprises

New research has revealed that 65 per cent of enterprises with over 10,000 employees are considering or actively engaged in blockchain deployment.

This marks a significant rise from when Juniper Research conducted the same survey last year, when the corresponding figure was 54 per cent.

Indeed, nearly a quarter of companies considering deploying blockchain had moved beyond proof of concept into trials and commercial roll-outs, with a diversification in use cases over the past year.

Only 15 per cent of proposed deployments are now related to payments - compared to 34 per cent last year - with significant interest in opportunities across fields including logistics, authentication and smart contracts.

The survey revealed that nearly half of companies were considering using Ethereum as their blockchain, reflecting the fact that its token standardisation has enabled the creation of an ecosystem of distributed applications to be built on its chain.

Furthermore, all responding companies which had already invested over $100,000 in blockchain indicated they would be spending at least this amount again on the technology over the next 12 months.

However, around three quarters of respondents expect disruption to either internal systems or clients’ systems. Research co-author James Moar stated: “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.”

The survey responses also cemented IBM’s position as the go-to company for deployment, with the tech giant ranked first by 65 per cent of respondents, nearly 10 times that of second-placed Microsoft (7 per cent).

    Share Story:

Recent Stories


Bringing Teams to the table – Adding value by integrating Microsoft Teams with business applications
A decade ago, the idea of digital collaboration started and ended with sending documents over email. Some organisations would have portals for sharing content or simplistic IM apps, but the ways that we communicated online were still largely primitive.

Automating CX: How are businesses using AI to meet customer expectations?
Virtual agents are set to supplant the traditional chatbot and their use cases are evolving at pace, with many organisations deploying new AI technologies to meet rising customer demand for self-service and real-time interactions.