Cyber Expo

Blockchain being deployed by 65% of large enterprises

Written by Peter Walker
11/09/18

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).