4 Tips for Developing Blockchain Platforms

Nearly 40% of the Deloitte respondents said their organisation will spend $5 million or more on blockchain technology in the coming year. Experts say the technology can provide substantial benefits for users who match blockchain with the right business cases.

Extract from an article by Ken Tysiac

It may no longer be totally accurate to call blockchain a key technology for the future — because it’s already getting significant use today.

More than three-fourths (77%) of 600 executives in 15 countries surveyed by PwC have active blockchain initiatives underway:

  • 15% have a blockchain project fully live.
  • 10% have a blockchain implementation pilot in progress.
  • 32% have a blockchain project in development.
  • 20% are in research mode on a blockchain project.

Meanwhile, a newly released Deloitte report reveals that 34% of 1,053 respondents from seven countries say their company already has a blockchain system in production, and another 41% say they expect their organisations to deploy a blockchain application within the next 12 months.

In many cases, companies’ investments in blockchain are substantial. Nearly 40% of the Deloitte respondents said their organisation will spend $5 million or more on blockchain technology in the coming year. Experts say the technology can provide substantial benefits for users who match blockchain with the right business cases.

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