PwC’s Global Blockchain Survey 2018
Distributed ledger technology and digital tokens are rewiring commerce, but lack of trust may stall progress. Discover four strategies to navigate this new world.
of respondents are actively involved with blockchain
believe trust could delay adoption
see China as a rising blockchain leader
say interoperability of systems is a key for success
What is the state of blockchain today? In PwC’s 2018 survey of 600 executives from 15 territories, 84% say their organisations have at least some involvement with blockchain technology. Companies have dabbled in the lab; perhaps they’ve built proofs of concept. Everyone is talking about blockchain, and no one wants to be left behind.
It’s easy to see why. As a distributed, tamperproof ledger, a well-designed blockchain doesn’t just cut out intermediaries, reduce costs, and increase speed and reach. It also offers greater transparency and traceability for many business processes. Gartner forecasts that blockchain will generate an annual business value of more than US $3 trillion by 2030. It’s possible to imagine that 10% to 20% of global economic infrastructure will be running on blockchain-based systems by that same year.
How far along are companies with blockchain?
There are many indications that blockchain is fundamentally altering the business landscape.
Which industries are seen as leaders in blockchain
Which territories are seen as blockchain leaders — today and tomorrow
The biggest barriers to blockchain adoption
Our survey respondents echo the following concerns, with regulatory uncertainty (48%), lack of trust among users (45%) and the ability to bring the network together (44%) making up the top barriers to blockchain adoption.
Global Blockchain Leader, PwC United Kingdom
Tel: +44 (0) 131 260 4129